In re Wynne Residential Asset Mgmt. LLC
Dec
18
2009
Ruling
Fees of counsel to debtor in possession reduced by half due to representation of debtor's principal and other insiders.
Procedural posture
A chapter 7 debtor filed an application and amended application for compensation to a law firm and an attorney (the applicants) for fees and expenses incurred while representing the debtor in possession (DIP) during the chapter 11 phase of the bankruptcy estate. A bankruptcy administrator objected, arguing that the applicants were not "disinterested persons" as defined in 11 U.S.C.S. § 101(14) and as required by 11 U.S.C.S. § 327.
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Court
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