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GENERAL50193
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GENERAL50193
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Last modified
8/24/2016 8:32:53 PM
Creation date
11/23/2007 5:46:08 PM
Metadata
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Template:
DRMS Permit Index
Permit No
M1977376
IBM Index Class Name
General Documents
Doc Name
NOTICE OF HEARING ON DEBTORS MOTION FOR AUTHORIZATION TO USE PROPERTY OF ESTATE OUTSIDE ORDINARY COU
Media Type
D
Archive
No
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Even though Remcor's work is important to the estate, the <br />work does not involve the administration of the debtor's estate. <br />Remcor w:ill have no discretion with respect to the path the <br />Debtor's chapter it case will follow. Remcor's work is limited <br />to the technical analysis of the Four Sites. See Fretheim, at <br />299. Hence, under the standard set forth in Seatrain and Johns- <br />Manville, employment under Section 327 is not required for <br />Remcor. <br />Furthermore, Remcor will perform specified tasks for a <br />specified fee. Because the fee arrangement is not open-ended, <br />there is less need for judicial supervision or approval of the <br />fees paid to Remcor and less need for the applications of the <br />provisions of sections 330 and 331 of the Bankruptcy Code. <br />Also, due to the Motion, the employment contract between the <br />debtor and Remcor is before the court and has been distributed to <br />creditors. Accordingly, another safeguard of section 327 is met <br />by such scrutiny of the employment contract and opportunity for <br />objection. <br />~ The one exception to the fixed nature of Remcor's fees <br />relates to judicial or administrative testimony Remcor ma.y be <br />called upon to deliver, such as testimony at a deposition. In <br />the case of such testimony, the Agreement provides that P:emcor <br />will be compensated at a time and materials basis in accordance <br />with Remcor's then current rate schedule. The Debtor believes <br />that any such testimony by Remcor should constitute but a. small <br />additional amount in comparison to the fee charged by Remcor for <br />the prep~iration of the evaluation of the Four Sites. <br />6 <br />
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