Opinion
Case No. 01-60386-DOT, Procedurally Consolidated
August 14, 2002
Richard L. Wasserman, Esquire, Stephen E. Leach, Esquire, Darek S. Bushnaq, Esquire, Venable, Baetjer and Howard, LLP Baltimore, Maryland, Attorneys for the Examiner.
Upon consideration of the Final Application of Examiner and Counsel for Examiner for Allowance of Fees and Reimbursement of Expenses for the Period January 8, 2002 through May 31, 2002 (the "Application") filed herein by Richard L. Wasserman (the "Examiner") and Venable, Baetjer and Howard, LLP ("Venable"), counsel for the Examiner, and the other pleadings and proceedings of record herein, due notice having been given, limited objections having been filed by the Chapter 11 Trustee, the Official Committee of Unsecured Creditors and Merchant Express Money Order Company and MEMO Money Order Company (the "Limited Objections"), and the Court having found the fees applied for to be reasonable and proper, it is by the United States Bankruptcy Court for the Eastern District of Virginia, sitting at Richmond,
ORDERED, that final allowance as administrative expenses of fees to the Examiner and Venable in the amount of $436,604.50, together with reimbursement of expenses in the amount of $8,505.41, pursuant to the Application should be, and the same hereby are AUTHORIZED AND APPROVED, said amounts being allowed pursuant to §§ 330 and 503(b)(2) of the Bankruptcy Code as final compensation for services rendered and expenses incurred for the period from January 8, 2002 through May 31, 2002; and it is further,
ORDERED, that to the extent not withdrawn or otherwise resolved, the remaining Limited Objections are hereby overruled; and it is further,
ORDERED, that the Trustee should be, and he hereby is, AUTHORIZED AND DIRECTED to pay to Venable the sum of $372,000.45, representing the balance of the Examiner's and Venable's unpaid fees of $364,579.12 and $7,421.33 in disbursements for the period from January 8, 2002 through May 31, 2002; and it is further,
ORDERED, that payment of the remaining unpaid balance of the foregoing allowed fees and disbursements to Venable through May 31, 2002 shall be made upon a schedule to be mutually agreed to by Venable and the Chapter 11 Trustee; provided that if a reasonable schedule to pay the outstanding remaining balance cannot be agreed to, the matter may be submitted by motion to this Court for resolution.
WE ASK FOR THIS:
/s/ Richard L. Wasserman ________________________ Richard L. Wasserman, Esquire Darek S. Bushnaq, Esquire (VSB No. 41313) Venable, Baetjer and Howard, LLP 1800 Mercantile Bank Trust Building 2 Hopkins Plaza Baltimore, Maryland 21201
Stephen E. Leach, Esquire (VSB No. 20601) Venable, Baetjer and Howard, LLP 8010 Towers Crescent Drive, Suite 300 Vienna, Virginia 22182