In Re Southern Industrial Banking Corp.
United States Bankruptcy Court, E.D. Tennessee
1Opinion of the Court
MEMORANDUM ON APPLICATIONS FOR COMPENSATION BY ATTORNEYS AND ACCOUNTANTS FOR THE INVESTORS
CLIVE W. BARE, Bankruptcy Judge.
At issue is the reasonableness of accountant and attorney fees incurred by an investor group for services in connection with the debtor’s chapter 11 plan. Because postconfirmation payment is sought from assets of the debtor’s successor in interest, which has issued securities and acquired property under the reorganization plan, applicants seek court approval of their fees as reasonable, 11 U.S.C.A. § 1129(a)(4)(B)(ii) (1979).
I
Southern Industrial Banking Corporation (SIBC),…
2Cases cited12 opinions
- Brown v. GerdesSupreme Court of the United States · 1944
- Leiman v. GuttmanSupreme Court of the United States · 1949
- In Re Global International Airways Corp.United States Bankruptcy Court, W.D. Missouri · 1984
- Matter of Rego Crescent Corp.United States Bankruptcy Court, E.D. New York · 1984
- In Re PR Holding CorporationCourt of Appeals for the Second Circuit · 1945
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3Cited by21 opinions
- In Re Jensen-Farley Pictures, Inc.United States Bankruptcy Court, D. Utah · 1985
- In Re Chapel Gate Apartments, Ltd.United States Bankruptcy Court, N.D. Texas · 1986
- In Re Seneca Oil Co.United States Bankruptcy Court, W.D. Oklahoma · 1986
- In Re Convent Guardian Corp.United States Bankruptcy Court, N.D. Illinois · 1989
- In Re PaolinoUnited States Bankruptcy Court, E.D. Pennsylvania · 1987
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