Debtor's objection to secured creditor's request for allowance of fees, costs and expenses sustained in part and overruled in part. The Court found the total request of $560,819, an amount amassed in a little over four months, unreasonable under the circumstances and a case of overreaching. The Court reviewed pre-petition attorney's fees for reasonableness pursuant to language contained in the parties' contract and Missouri law, and the post-petition fees pursuant to section 506(b). The Court disallowed or reduced certain fees, costs and expenses for reasons including lack of specificity in time entry, lumping of numerous tasks, duplication of effort and a general inability by the Court to determine whether time billed was reasonable for the tasks listed.
Date of decision: 12/27/2007
Full opinion click here.
Thursday, January 3, 2008
In re Woods, Case No. 07-41123
Posted by Rachel Lynn Foley at 9:59 PM
Labels: §506(b), fees and costs, Judge Dow, MOW
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