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In re Sturgis Iron & Metal Co.

In re Sturgis Iron & Metal Co.

Ruling
Servicing agent for statutory trust that leased vehicle shredder to debtor could recover two postpetition, prerejection lease payments as administrative claims but any unbilled taxes would have to be included in claim for rejection damages.
Procedural posture

Debtor filed a petition under chapter 11 of the Bankruptcy Code, and the servicing agent for a statutory trust that leased a vehicle shredder to the debtor filed an administrative claim seeking payment of rent and taxes on the shredder. A committee of unsecured creditors filed an objection to the agent's claim.

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Commercial opinion summary, case decided on September 30, 2009 , LexisNexis #1209-080