04.01.2015 Views

Judge Donald rejects motion to intervene in ... - The Putnam Pit

Judge Donald rejects motion to intervene in ... - The Putnam Pit

Judge Donald rejects motion to intervene in ... - The Putnam Pit

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

h. “[t]he requirement that at<strong>to</strong>rneys and other professionals adequately expla<strong>in</strong> time<br />

entries for which compensation is sought is not an overly burdensome task, especially<br />

<strong>in</strong> light of the fact that every dollar expended on legal fees results <strong>in</strong> a dollar less that<br />

is available for distribution . . . .” In re Hotel Associates, Inc. 15B.R. 487, 488<br />

(Bankr.E.D.Pa.1981).<br />

i. Under Section 330 of the Bankruptcy Code, professionals apply<strong>in</strong>g for fees must<br />

demonstrate <strong>in</strong> writ<strong>in</strong>g that their services were (1) actual; (2) necessary, and (3)<br />

reasonable.<br />

j. “<strong>The</strong> commenta<strong>to</strong>rs agree. As one stated, ‘. . . the court cont<strong>in</strong>ues <strong>to</strong> reta<strong>in</strong> the<br />

ultimate responsibility for ensur<strong>in</strong>g that the compensation awarded professional<br />

persons falls with<strong>in</strong> the parameters prescribed <strong>in</strong> section 330.’” 2 Collier on<br />

Bankruptcy, Paragraph 329.02 at 328-8 (15 th Ed. 1986), cited <strong>in</strong> Pettibone.<br />

k. “Even if no party <strong>in</strong> <strong>in</strong>terest objects . . . the court should review the application <strong>to</strong><br />

make sure the compensation sought has been earned and is reasonable.” R.E.<br />

G<strong>in</strong>sburg, Bankruptcy; Paragraph 4501 (1985);<br />

l. “<strong>The</strong> bankruptcy judge can and must apply his own expertise sua sponte, if necessary<br />

<strong>in</strong> order <strong>to</strong> be fair <strong>to</strong> both counsel and credi<strong>to</strong>rs because, <strong>in</strong> the f<strong>in</strong>al analysis, either<br />

excess generosity or extreme miserl<strong>in</strong>ess <strong>in</strong> allow<strong>in</strong>g fees will reflect <strong>in</strong> the public<br />

perception of the system.” Lavien, Fees as seen from the Bankruptcy Bench, 89<br />

Com.L.J. 136, 138 (March 1984).<br />

m. Bankruptcy Rule 2016 requires that all the necessary <strong>in</strong>formation be <strong>in</strong> the fee<br />

application itself. Applicants cannot rely on the fee petition hear<strong>in</strong>g <strong>to</strong> “expla<strong>in</strong>” the<br />

fee petition.<br />

5

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!