Administrative Convenience Exception Law and Legal Definition
Administrative convenience exception is a bankruptcy related term. It is a provision allowing a bankruptcy plan to have a separate classification for small, unsecured claims, to the extent that the separate classification will help in more efficient disposition of the estate. For example, by paying or eliminating small claims earlier than other claims. This exception relates to a bankruptcy convenience claim.
The requirements of an administarive convenience exception is articulated in 11 USCS § 1122 (b).
11 USCS § 1122(b) reads as follows:
A plan may designate a separate class of claims consisting only of every unsecured claim that is less than or reduced to an amount that the court approves as reasonable and necessary for administrative convenience.
Legal Definition list
- Administrative Controls
- Administrative Conference of the United States
- Administrative Committee of the Federal Register
- Administrative Board
- Administrative Appeals Office [Immigration]
- Administrative Convenience Exception
- Administrative Cost of Issuing a Loan Guarantee
- Administrative Debt [Education]
- Administrative Deviation [Trust]
- Administrative Discretion
- Administrative Dissolution
Related Legal Terms
- Administrative
- Administrative Act
- Administrative Adjudication
- Administrative Agency
- Administrative and Operating [A&O] Subsidy
- Administrative Appeals Office [Immigration]
- Administrative Board
- Administrative Committee of the Federal Register
- Administrative Conference of the United States
- Administrative Controls
