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2021 Stroock Bankruptcy Guide

Issue link: https://mbozikis.ufcontent.com/i/1422521

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69 (iii) the actual, necessary expenses, other than those specified in paragraph (iv) below, incurred by (a) a creditor that files an involuntary petition, (b) a creditor who, with court approval, recovers, for the benefit of the estate, property transferred or concealed by the debtor, (c) a creditor who assists with the prosecution of a criminal offense relating to the case or to the business or property of the debtor, (d) a creditor, indenture trustee, equity security holder, or unofficial committee that makes a "substantial contribution" to a Chapter 9 or Chapter 11 case, (e) a custodian replaced under the provisions of Section 543, or (f) a member of a committee appointed under Section 1102 of the Bankruptcy Code; (iv) reasonable compensation for professional services rendered by attorneys or accountants employed by an entity, indenture trustee, equity security holder, committee or custodian whose expenses are allowable pursuant to (iii)(a) through (e) above, and reimbursement for such professional's actual, necessary expenses; 35 (v) reasonable compensation for the services of an indenture trustee in making a substantial contribution to a Chapter 9 or 11 case; (vi) fees and mileage payable to a witness attending court proceedings; (vii) with respect to a nonresidential real property lease previously assumed under Section 365, and subsequently rejected, a sum equal to the monetary obligations due, excluding those arising from or relating to a failure to operate or a penalty provision, for a period of two years from the later of rejection or 35 Categories (iii) and (iv) above are collectively commonly referred to as "503(b) claims."

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