In re BLX Group Inc.
Mar
08
2012
Ruling
Chapter 11 trustee's fee application could not include secured creditor's credit bids.
Procedural posture
Petitioning creditors filed an involuntary chapter 11 bankruptcy petition against debtor corporation in September 2009, and the court entered an order for relief and appointed a chapter 11 trustee. The trustee filed a final application seeking fees and expenses in the amount of $730,000 for the period October 29, 2009, through October 25, 2011, pursuant to 11 U.S.C.S. § 326(a). The application was unopposed.
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Court
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