In Re Mortgage & Realty Trust

OPINION ON CONDITIONS ON EMPLOYMENT OF FINANCIAL ADVISORS

SAMUEL L. BUFFORD, Bankruptcy Judge.

I.INTRODUCTION

The motions before the Court raise the issue of what conditions should be placed on the employment of investment advisors for the debtor and the committee of unsecured creditors in this case.

The Court holds that, while both the' debtor and the creditors committee may employ investment advisors, such appointment is subject to four conditions: (1) the debtor may not indemnify the investment advisors; (2) the investment advisors are not entitled to a bonus unless the Court determines at the…