In Re Fieldstone Mortgage Co.

MEMORANDUM OPINION DENYING MOTION TO AUTHORIZE DEBTOR TO MAKE KEY EMPLOYEE RETENTION PAYMENTS [ON REMAND FROM THE UNITED STATES DISTRICT COURT]

JAMES F. SCHNEIDER, Bankruptcy Judge.

Before the Court is the motion of the Chapter 11 debtor to authorize key employee retention payments (“KERP”) to seven employees. This matter came on for hearing upon remand from the United States District Court for the District of Maryland (Blake, D.J.). Having been found to be officers of the debtor, and therefore insiders, the issue on remand is whether any of the seven employees are able to satisfy the…