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Attorneys – Bankruptcy – Administrative Expenses – Advances – Prepetition Loan (access required)

In re Marotta When a law firm advances the costs of filing a bankruptcy petition to its client, the firm makes a prepetition loan to its client, resulting in an unsecured claim. The firm may not recover such claims as administrative expenses.
By North Carolina Lawyers Weekly Staff 
Published: November 2, 2012
Time posted: 3:46 pm
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