What Constitutes a Consumer Deposit for Priority Treatment Under the Bankruptcy Code

Barry Klayman and Mark Felger, writing in the Delaware Business Court Insider, review a recent decision from the Bankruptcy Court for the District of Delaware discussing what is a consumer deposit for purposes of priority treatment under section 507(a)(7) of the Bankruptcy Code and holding that prepayments to a flight service company for future airplane flights were deposits within the meaning of the statute.

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Mark E. Felger

Co-Chair, Bankruptcy, Insolvency & Restructuring


(302) 295-2087

Barry M. Klayman

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(302) 295-2035

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