IN RE CYBERN EDUCATION, INC.

No. 72-1131.

478 F.2d 1340 (1973)

In the matter of CYBERN EDUCATION, INC., Debtor. UNITED STATES of America, Appellant, v. Harry A. ASH et al., Appellees.

United States Court of Appeals, Seventh Circuit.

Decided April 27, 1973.

As Amended on Denial of Rehearing June 13, 1973.


Attorney(s) appearing for the Case

David Ferber, Sol., S. E. C., Washington, D. C., John I. Mayer, S. E. C., Chicago, Ill., Scott P. Crampton, Asst. Atty. Gen., Tax Div., Thomas Boerschinger, Atty., Dept. of Justice, Washington, D. C., James R. Thompson, U. S. Atty., William T. Huyck, Asst. U. S. Atty., Chicago, Ill., for appellant.

Mark A. Greenhouse, Kevin J. Gillogly, Chicago, Ill., for appellees.

Before FAIRCHILD, STEVENS and SPRECHER, Circuit Judges.


PER CURIAM.

In appealing the allowance of interim fees to a trustee in bankruptcy and his attorneys of $45,000 in a $45,000 estate, the United States and the Securities and Exchange Commission have urged that we enforce several standards and guidelines of compensation in order to retain "close judicial control" over bankruptcy costs.

I

On August 31, 1970, Cybern Education, Inc., petitioned for an arrangement under Chapter XI of the Bankruptcy Act...

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