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§ 543(c)

Stainless Sales Corp., In re

Ruling
Creditor was not entitled to reimbursement of its claims as an administrative expense but was entitled to protection. (Bankr. N.D. Ill.)
Issue(s)
Turnover of Property by a Custodian; Duties of Court; Protection of Entities to Which Custodian Is Obligated.

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Commercial opinion summary, case decided on December 22, 2017 , LexisNexis #0118-106

In re Youngquist

Ruling
Reasonable fees and expenses awarded to property manager.
Issue(s)
Was company that managed debtor's property throughout chapter 7 case entitled to fees.

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Consumer opinion summary, case decided on December 06, 2013 , LexisNexis #0114-088

In re OReilly & Collins

Ruling
Assignee under pre-involuntary petition general assignment allowed reasonable compensation as custodian.
Issue(s)
Could custodian of debtor, pursuant to assignment prior to filing of involuntary petition, seek compensation for actions taken to preserve estate assets?

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Commercial opinion summary, case decided on August 27, 2013 , LexisNexis #0913-088

In re Ohakpo

Ruling
State court officer who seized debtor's vehicles was a custodian entitled to relief.
Procedural posture

Two state court officers, who seized two automobiles belonging to one of the debtors for the purpose of selling them to satisfy a judgment obtained by a creditor against that debtor, filed a motion seeking a determination that they were custodians of the automobiles entitled to relief under 11 U.S.C.S. § 543(c).

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Consumer opinion summary, case decided on March 04, 2013 , LexisNexis #0313-119

In re TYS Inc.

Ruling
Court denied fee requests of lawyer, who previously represented debtor, for services provided to creditors.
Procedural posture

The matters before the court were three requests for compensation made by an attorney pursuant to 11 U.S.C.S. § 543(c)(2) relating to his services as assignee for the benefit of creditors of debtor. In total, he sought $ 30,653. The chapter 7 Trustee objected to all requests for compensation.

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Commercial opinion summary, case decided on February 05, 2010 , LexisNexis #0410-055