FINDINGS OF FACT AND CONCLUSIONS OF LAW IN SUPPORT OF ORDER AWARDING TO ROZOVICS GROUP, LLP, ACCOUNTANTS FOR DEBTOR, FOR ALLOWANCE AND PAYMENT OF FIRST INTERIM COMPENSATION AND REIMBURSEMENT OF EXPENSES

TIMOTHY A. BARNES, Bankruptcy Judge.

TOTAL FEES AND COSTS ALLOWED: $23,670.50

The attached time and expense entries have been underlined to reflect disallowance in whole or in part. The basis for each disallowance is reflected by numerical notations that appear on the right of each underlined entry. The numerical notations correspond to the paragraphs below.

(1) Unreasonable Time — TOTAL of disallowed amounts: $6,125.00

The Court denies the allowance in part of compensation for the indicated task(s) since the professional or paraprofessional expended an unreasonable amount of time on the task(s) in light of the nature of the task(s), the experience and knowledge of the professional performing the task(s), and the amount of time previously expended by the professional or another on the task(s). In re Pettibone, 74 B.R. 293, 306 (Bankr. N.D. Ill. 1987) (Schmetterer, J.) ("The Court will determine what is the reasonable amount of time an attorney should have to spend on a given project . . . An attorney should not be rewarded for inefficiency. Similarly, attorneys will not be fully compensated for spending an unreasonable number of hours on activities of little benefit to the estate."); In re Wildman, 72 B.R. 700, 713 (Bankr. N.D. Ill. 1987) (Schmetterer, J.) (same).

In this case the applicant spent an inordinate amount on preparation of certain operating reports without further explanation. The court found that the applicant was able to complete operating reports by expending around 8 hours, which still exceeds the time spent in most other chapter 11 cases. The court, therefore, allowed on average 8 hours for preparation of each monthly operating report and marked all time spent beyond that as, absent explanation, unreasonable.