New Bankruptcy Opinion: In re INTERNATIONAL GOSPEL PARTY BOOSTING JESUS GROUPS, INC. (United States Bankruptcy Court, D. Massachusetts, Eastern Division, Case No. 10-19012-HJB) | Issues: Allowance of Counsel Fees & Expenses, Dismissal of Bankruptcy Case
In re INTERNATIONAL GOSPEL PARTY BOOSTING JESUS GROUPS, INC., Chapter 7 Debtor.
ORDER
HENRY J. BOROFF, Bankruptcy Judge.
For the reasons set forth in this Court’s Memorandum of Decision of even date, the Court ORDERS that:
(1) the “Application for Fee of Counsel to Chapter 11 Debtors” filed by Attorney David Nickless, counsel to International Gospel Party Boosting Jesus Groups, Inc., the debtor in this Chapter 11 case, is GRANTED in the amount requested;
(2) pursuant to 11 U.S.C. § 1112(b), this case is hereby DISMISSED; and
(3) cause having been established under 11 U.S.C. § 349(b),
a. the Chapter 11 trustee, Joseph G. Butler (the “Trustee”), shall pay the sum of $10,345.45 to Attorney Nickless, representing his unpaid fees in the amount of $10,088 and unpaid expenses in the amount of $257.45;
b. the Trustee shall hold in reserve the sum of $33,150 pending final resolution of the appeal of this Court’s January 24, 2012 Order denying the “Motion to Alter Judgment or for New Trial/Hearing Pursuant to bankruptcy Rule 9023 and/or for Relief under Bankruptcy Rule 9024 with Respect to Denial of Co-Broker Commission to Jeff Ross [Docket No. 98]” filed by Jeff Ross (the “Ross Appeal”);
c. within 10 days of the final disposition of the Ross Appeal, the Trustee shall pay to Jeff Ross the amount of any award; and
d. the Trustee shall hold any remaining surplus funds of the former bankruptcy estate in escrow in accordance with the preliminary injunction issued by the Massachusetts Superior Court on October 28, 2011, pending further order of the Superior Court.
