The Budd Company, Inc.  Bankruptcy New Filing Alert: Application For Interim Approval Of Professional Compensation

On January 20, 2015, an application for interim approval of professional compensation was filed in the bankruptcy case of The Budd Company, Inc.  and its affiliates.

The filing was assigned docket number 704 and is described on the court’s official docket as follows:

Second Application for Compensation with Coversheet for Cleary Gottlieb Steen & Hamilton LLP, Creditor’s Attorney, Fee: $1,621,680.00, Expenses: $84,833.00. Filed by Cleary Gottlieb Steen & Hamilton LLP. (Attachments: # (1) Exhibit A (Proposed Order) # (2) Exhibit B (Summary of Budgets,etc.) # (3) Exhibit C (August 2014 Invoice) # (4) Exhibit D (Redacted September 2014 Invoice) # (5) Exhibit E (Redacted October 2014 Invoice) # (6) Exhibit F (Redacted November 2014 Invoice) # (7) Exhibit G (Recharacterized Time Records for Aug. & Sept. 2014) # (8) Exhibit H) (Granfield, Lindsee)

The Budd Company, Inc.  filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 31, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Illinois . The case number for the lead bankruptcy case is 14-11873. The bankruptcy case is currently assigned to United States Bankruptcy Judge Jack Schmetterer. The law firm of Proskauer Rose LLP is acting as lead bankruptcy counsel to The Budd Company, Inc.  in the bankruptcy case.


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