In re Kara Homes Inc.
Nov
20
2009
Ruling
Real estate marketing professionals not entitled to administrative expense claim where proceeds of sale of estate property were insufficient.
Procedural posture
The reorganized debtors (debtors) filed separate petitions for relief under chapter 11. The cases were jointly administered under a lead case. Claimant real estate professionals submitted claims for marketing expenses, disbursements, and legal fees as administrative expenses pursuant to 11 U.S.C.S. § 503(b). The debtors objected to the claims.
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Court
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