Williams v. Bank One Cleveland, NA (In Re Dyac Corp.)

MEMORANDUM AND ORDER

ANN ALDRICH, District Judge.

P. Richard Williams, the accountant employed to organize and maintain the books of the debtor, Dyac Corporation, during its Chapter 11 proceedings, appeals the Bankruptcy Court’s order denying him relief against the secured creditor Bank One under 11 U.S.C. § 506(c). Bank One appeals the Bankruptcy Court’s decision to allow Williams’ fee application as a Chapter 11 administrative claim.

For the reasons that follow, both orders of the Bankruptcy Court are affirmed.

I

Dyac Corporation (Dyac) filed a voluntary petition for reorganization under Chapter…