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67 unmatured, disputed, undisputed, legal, equitable, secured, or unsecured." A "claim" may also arise from a right to payment stemming from a right to an equitable remedy. 11 U.S.C. § 101(5)(B). However, since there must be a right to payment, an equitable claim that gives rise only to an equitable remedy, such as an injunction, is not considered a "claim." Finally, an ownership or equity interest in a debtor is not considered a claim. See In re Insilco Techs., Inc., 480 F.3d 212 (3d Cir. 2007). 2. Types and Priority of Claims A claim holder's ability to receive a recovery in a bankruptcy case will depend on the type and priority of the claim held. The most common claims a creditor may hold are administrative expense claims, secured claims, priority unsecured claims, and non-priority unsecured claims. Creditors that hold secured claims are entitled to preferential treatment with respect to their collateral, whereas other creditors are ranked in order of priority according to the Bankruptcy Code. Under this priority scheme, more senior claims must be paid in full before junior claims can recover anything. a. Administrative Expense Claims As will be discussed in more detail below, administrative expense claims generally consist of claims that are incurred after the entry of the order for bankruptcy relief, although in certain instances claims incurred shortly before the petition date are also deemed to be administrative expense claims. Because these claims are generally incurred either shortly before or after a debtor has filed for bankruptcy, and therefore often evidence the willingness of a party to aid a debtor notwithstanding the debtor's precarious financial situation, administrative expense claims are given a senior level of priority. 11 U.S.C. § 507 (discussed below at Chapter V.D.2.c.). In order for a creditor to receive payment of an administrative expense claim, it must make a timely request or demonstrate cause as to why a tardy request should be permitted. 11 U.S.C. § 503(a).

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