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Legal Opinion

In re Budd Co.

United States Bankruptcy Court, N.D. Illinois

Decided May 20, 2016No. Case No. 14 B 11873PublishedCited by 3 opinions

1Opinion of the Court

OPINION ON FEES SOUGHT BY PROSKAUER ROSE LLP IN FIFTH INTERIM APPLICATION FOR WORK ON DISCLOSURE STATEMENT BY COUNSEL FOR DEBTOR (Dkt No. 1483)

Jack B. Sehmetterer, United States Bankruptcy Judge

About 25 months into this Chapter 11 case, large fees allowed to counsel and in prospect for various parties have contributed to eroding of the cash held by Debtor. A large part of that cash is needed for a Plan that would provide healthcare insurance for the lifetime of 6500 former workers. Those fees were increased by fights over many issues between several parties in interest.

This Opinion focuses on…

2Cases cited10 opinions

  1. In Re Copy Crafters Quickprint, Inc.United States Bankruptcy Court, N.D. New York · 1988
  2. In Re Metrocraft Publishing Services, Inc.United States Bankruptcy Court, N.D. Georgia · 1984
  3. Colorado Mountain Express, Inc. v. Aspen Limousine Service, Inc. (In Re Aspen Limousine Service, Inc.)District Court, D. Colorado · 1996
  4. Kirk v. Texaco, Inc.District Court, S.D. New York · 1988
  5. In Re Cardinal Congregate IUnited States Bankruptcy Court, S.D. Ohio · 1990

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3Cited by3 opinions

  1. In re GEO Specialty Chemicals Ltd.United States Bankruptcy Court, D. New Jersey · 2017
  2. In re: St. Margaret’s Health – Peru and St. Margaret’s Health – Spring ValleyUnited States Bankruptcy Court, N.D. Illinois · 2024
  3. Michele Geraldine AmentUnited States Bankruptcy Court, D. New Mexico · 2020

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