The Official Committee of Unsecured Creditors filed a Motion for Distribution seeking for its attorneys' fees to be paid from escrowed funds, all of which served as the collateral for secured creditors. The Court held that the Committee may not be compensated from the collateral of secured creditors. Accordingly, the Court denied the Committee's Motion for Distribution.
Judge:
Date:
Friday, November 30, 2012
Category:
Attorneys Fees
Chapter:
11