Post-petition Claims

Post-petition claims refer to debts or obligations that arise after a company has filed for bankruptcy. While the bankruptcy process aims to address pre-existing debts, any new debts incurred during the bankruptcy—like bills for services or products necessary to continue operations—are classified as post-petition claims. Creditors for these claims typically have a higher priority in being paid than those with pre-petition debts, as they provided goods or services that helped the company stay afloat during the bankruptcy process. Essentially, these claims help protect suppliers and service providers who continue to do business with the company.