Northern Beef Packers Limited Partnership  Bankruptcy New Filing Alert: Order Regarding The Application For Interim Approval Of Professional Compensation

On June 12, 2014, an order regarding the application for interim approval of professional compensation was filed in the bankruptcy case of Northern Beef Packers Limited Partnership  and its affiliates.

The filing was assigned docket number 923 and is described on the court’s official docket as follows:

Hearing Minutes and ORDER Re: (related document(s)891 Application for Compensation filed by Creditor Lincoln Partners Advisors LLC). APPEARANCES (telephonic): Joel D. Nesset and Steven H. Stilton for Debtor, Scott M. Perrenoud for Lincoln Partners Advisors LLC, Darrell Berreth, pro se, and Allan Brandner, pro se. Modesto Diaz Ramiro did not appear. DISPOSITION: Darrell Berreth and Allan Brandner withdrew their objections on the record without opposition. Based on the findings and conclusions entered on the record; and for cause shown; now, therefore, IT IS HEREBY ORDERED Modesto Diaz Ramiro’s objection is overruled; Lincoln Partners Advisors LLC’s second interim and final application is granted as provided on the record; and the firm is awarded $315,000.00 for additional interim compensation and $16,577.84 for reimbursement of additional interim expenses, for a total final award to the firm of $400,000.00 for compensation of services and $18,039.71 for reimbursement of expenses. Said fees shall be paid pursuant to the earlier related stipulations and orders regarding the payment of professionals’ fees from property that is not property of the bankruptcy estate. SO ORDERED: /s/ Charles L. Nail, Jr., Bankruptcy Judge. (nsar) (Entered: 06/12/2014)

Northern Beef Packers Limited Partnership  filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on July 19, 2013. The bankruptcy case is pending before the United States Bankruptcy Court for the District of South Dakota. The case number for the lead bankruptcy case is 13-10118. The bankruptcy case is currently assigned to United States Bankruptcy Judge Charles Nail Jr.. The law firm of Bantz, Gosch & Cremer, L.L.C. is acting as lead bankruptcy counsel to Northern Beef Packers Limited Partnership  in the bankruptcy case.

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