In re Black Diamond Mining Co. LLC
Feb
10
2010
Ruling
Involuntary debtor's lawyers' priority claim for fees limited to gap period ordinary course fees incurred after exhaustion of retainer.
Procedural posture
An interested party (objector) challenged a proof of claim filed by a law firm that had already been paid a $300,000 cash retainer in connection with its representation of debtors against which involuntary bankruptcy filings had been made. The firm sought approval for a $61,637 priority claim per 11 U.S.C.S. § 502(f) and 11 U.S.C.S. § 507(a)(3) for services performed in the ordinary course during the gap.
ABI Membership is required to access the full summary of In re Black Diamond Mining Co. LLC Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: