Administrative Claim

Also known as administrative expense claim and administrative expense. A claim for expenses incurred with court approval for the actual and necessary costs of preserving the estate ( www.practicallaw.com/resource.do?item=:44401375), after the filing of a bankruptcy petition. After the payment of secured claims ( www.practicallaw.com/resource.do?item=:44401540) and superpriority claims ( www.practicallaw.com/resource.do?item=:44402600), administrative claims are entitled to the highest priority ( www.practicallaw.com/resource.do?item=:44401486) in distribution of the assets of the estate.

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