What is a post-petition claim?

A post-petition claim is a legal claim made against an individual or business in bankruptcy court in the state of Tennessee. This is a type of creditor’s rights law, which are laws that protect lenders from not getting paid back in full or on time. To put it simply, a post-petition claim is a debt or claim for money or property owed to a creditor that is made after the filing of a bankruptcy petition. This type of claim is typically made by creditors who have not been given an opportunity to be paid from available funds that are distributed to creditors who make pre-petition claims. Pre-petition claims are debts that were owed prior to the filing of the bankruptcy petition. Post-petition claims must be paid in order for a bankruptcy discharge to be issued. The amount of money that is paid to these creditors is determined by the bankruptcy court. In most cases, the bankruptcy court will determine the priority of post-petition claims. This means it will determine what claims need to be paid before any other claims can be taken into consideration. Payments are usually made out of the bankruptcy estate’s assets or through a reorganization plan. Post-petition claims are not always paid in full. If a debt owed is more than the available assets of the bankruptcy estate, then the creditor may receive a partial payment or no payment at all. However, the court will always take into account the creditor’s rights when determining the payment schedule and amount.

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What is a post-petition claim?

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