MEMORANDUM ORDER AND OPINION ON "FEE DEFENSE ATTORNEYS' FEES" PORTION OF BROWNSTEIN HYATT FARBER SCHRECK, LLP'S THIRD INTERIM APPLICATION FOR PROFESSIONAL COMPENSATION THOMAS B. McNAMARA , Bankruptcy Judge . I. Introduction . This difficult and lengthy Chapter 7 liquidation is slowly nearing the end. All creditors have already been paid in full. The final skirmishes are playing out over administrative expenses. Years ago, the Chapter 7 Trustee, Tom Connolly (the "Trustee"), retained...
MEMORANDUM OPINION AND ORDER DENYING ALL CLAIMS Thomas B. McNamara , United States Bankruptcy Judge . I. Introduction. Interest is the lubricant that keeps the machinery of the United States' financial markets humming. No bank wants to lend its money without some return on its capital. And no borrower expects to receive free funding from its lender. But what about 120.86% interest per year It's hard to believe that the management of any legitimate United States company would ever...
MEMORANDUM OPINION AND ORDER DENYING ALL CLAIMS THOMAS B. McNAMARA , Bankruptcy Judge . I. Introduction. Interest is the lubricant that keeps the machinery of the United States' financial markets humming. No bank wants to lend its money without some return on its capital. And no borrower expects to receive free funding from its lender. But what about 120.86% interest per year It's hard to believe that the management of any legitimate United States company would ever agree to pay such...
