In re NCW Properties, LLC, 18-20215. (2019)
Court: United States Bankruptcy Court, N.D. Illinois
Number: inbco20191023648
Visitors: 9
Filed: Oct. 22, 2019
Latest Update: Oct. 22, 2019
Summary: FINDINGS OF FACT AND CONCLUSIONS OF LAW IN SUPPORT OF ORDER AWARDING TO ASI ADVISORS, LLC, FINANCIAL ADVISOR TO THE DEBTOR, FOR ALLOWANCE AND PAYMENT OF FINAL COMPENSATION AND REIMBURSEMENT OF EXPENSES TIMOTHY A. BARNES , Bankruptcy Judge . TOTAL FEES REQUESTED: $ 37,233.75 TOTAL COSTS REQUESTED: $ 280.00 TOTAL FEES REDUCED: $ 112.50 TOTAL COSTS REDUCED: $ 0.00 TOTAL FEES ALLOWED: $ 37,121.25 TOTAL COSTS ALLOWED: $ 280.00 TOTAL FEES AND COSTS
Summary: FINDINGS OF FACT AND CONCLUSIONS OF LAW IN SUPPORT OF ORDER AWARDING TO ASI ADVISORS, LLC, FINANCIAL ADVISOR TO THE DEBTOR, FOR ALLOWANCE AND PAYMENT OF FINAL COMPENSATION AND REIMBURSEMENT OF EXPENSES TIMOTHY A. BARNES , Bankruptcy Judge . TOTAL FEES REQUESTED: $ 37,233.75 TOTAL COSTS REQUESTED: $ 280.00 TOTAL FEES REDUCED: $ 112.50 TOTAL COSTS REDUCED: $ 0.00 TOTAL FEES ALLOWED: $ 37,121.25 TOTAL COSTS ALLOWED: $ 280.00 TOTAL FEES AND COSTS ..
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FINDINGS OF FACT AND CONCLUSIONS OF LAW IN SUPPORT OF ORDER AWARDING TO ASI ADVISORS, LLC, FINANCIAL ADVISOR TO THE DEBTOR, FOR ALLOWANCE AND PAYMENT OF FINAL COMPENSATION AND REIMBURSEMENT OF EXPENSES
TIMOTHY A. BARNES, Bankruptcy Judge.
TOTAL FEES REQUESTED: $ 37,233.75 TOTAL COSTS REQUESTED: $ 280.00
TOTAL FEES REDUCED: $ 112.50 TOTAL COSTS REDUCED: $ 0.00
TOTAL FEES ALLOWED: $ 37,121.25 TOTAL COSTS ALLOWED: $ 280.00
TOTAL FEES AND COSTS ALLOWED: $37,401.25
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 enumerated paragraphs below.
(1) Insufficient Description — TOTAL of disallowed amounts: $112.50
The Court denies the allowance of compensation for the indicated task(s) as the description of each task fails to identify in a reasonable manner the service rendered. In re Pettibone, 74 B.R. 293, 301 (Bankr. N.D. Ill. 1987) (Schmetterer, J.) ("A proper fee application must list each activity, its date, the attorney who performed the work, a description of the nature and substance of the work performed, and the time spent on the work. [Citation omitted] Records which give no explanation of the activities performed are not compensable."); In re Wildman, 72 B.R. 700, 708-09 (Bankr. N.D. Ill. 1987) (Schmetterer, J.) (same). Two of the time entries submitted here appeared beside the description for the preceding entries and do not have descriptions of their own. See Application of ASI Advisors, LLC for Final Compensation and for Reimbursement of Expenses as Financial Advisor to the Debtor for Period [From] April 1, 2019 Through September 6, 2019, at pp. 35, 37 [Dkt. No. 191].1
FootNotes
1. As the fee application and the attached timesheets were filed as a single document without any internal pagination, the court has extrapolated the page numbers based on the pagination of the PDF file.
Source: Leagle
