In re Luedtke
Feb
28
2011
Ruling
Trustee awarded reasonable compensation where statutory maximum would have been excessive.
Procedural posture
A debtor-in-possession accumulated substantial funds from real estate sales prior to conversion of the debtor's case from chapter 11 to chapter 7 and appointment of a chapter 7 trustee. The trustee petitioned for compensation based on the statutory maximum percentage of the total distribution from the bankruptcy estate pursuant to 11 U.S.C.S. § 326(a).
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Court
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