In re Kara Homes Inc.

Ruling: 
Real estate marketing professionals not entitled to administrative expense claim where proceeds of sale of estate property were insufficient.
Procedural posture: 
The reorganized debtors (debtors) filed separate petitions for relief under chapter 11. The cases were jointly administered under a lead case. Claimant real estate professionals submitted claims for marketing expenses, disbursements, and legal fees as administrative expenses pursuant to 11 U.S.C.S. § 503(b). The debtors objected to the claims.
Issue: 
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Commercial case opionion summary, case decided on November 20,2009, LexisNexis #0110-111