Question

what did administrative convenience mean

Answer 1

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.

Answer 2

Administrative convenience:

• Administrative convenience relative to the bankruptcy means a facility permitting a bankruptcy plan to have a distinct classification for small, unsafe claims, to the extent that the isolated classification will assist in a more efficient disposition of the estate, as by paying or eliminating the small claims.

• Administrative convenience is mainly related to the general organization.

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