- 11 U.S.C.
In re Brundage-Bone Concrete Pumping Inc.
May
14
2012
Ruling
Lender group not entitled to administrative expense claims as not representing necessary, substantial contribution.
Procedural posture
This matter came before the court on the Motion for Allowance of Administrative Expense Claim filed by a Lender Group. The Motion was uncontested. The Lender Group requested that the court award them administrative expenses in the amount of $875,000 pursuant to 11 U.S.C.S. § 503(b)(3)(D), (b)(4), based on their claimed "substantial contribution" to debtors' bankruptcy estates.
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Court
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