ADMINISTRATIVE EXPENSE

administrative  expense.  1.OVERHEAD.  2.Bankruptcy.  A  cost  incurred  by  the  debtor,  after

filing a bankruptcy petition, that is necessary for the debtor to continue  operating its business. •

Administrative expenses are entitled to payment on a priority basis when the estate is distributed.

11  USCA  §  503(b).  See  general  administrative  expense  under  EXPENSE.  [Cases:  Bankruptcy

2871–2879. C.J.S. Bankruptcy §§ 232, 250–254, 281, 354.] [Blacks Law 8th]