In re Seapharm, Inc.

OPINION

WILLIAM H. GINDIN, Chief Judge.

I. Introduction

At the hearing on this matter which took place on March 18, 1991, the court determined that the actual costs of the adction should be borne by the secured creditor, Banco Hispano Americano. Additionally, determination was reserved as to whether or not the auctioneer was entitled to a commission from the estate on the sale of shares of stock in an entity known as Phar-maMar. For the reasons set forth below, the auctioneer will be allowed the sum of $7500 to be paid by the estate.

II. Facts

The facts may be summarized briefly. Included in the…