XL Specialty Ins. Co. v. James River Coal Co. (In re James River Coal Co.)
Aug
31
2006
Ruling
Bankruptcy court did not err in finding that sureties were not entitled to administrative expense claim for premiums accrued on prepetition bonds.
Procedural posture
Appellant sureties challenged an order from a United States bankruptcy court, which granted a summary judgment motion filed by appellees, a debtor and several of its subsidiaries, and denied the sureties'motion to reconsider the denial of their application for allowance of an administrative claim. In their application, the sureties sought allowance of the premiums accrued on certain bonds as an administrative expense under 11 U.S.C. § 503(b).
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Court
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