IN RE HARDWICK & MAGEE COMPANY

No. 71-753.

355 F.Supp. 58 (1973)

In the Matter of HARDWICK & MAGEE COMPANY, Bankrupt.

United States District Court, E. D. Pennsylvania.

February 6, 1973.


Attorney(s) appearing for the Case

Adelman & Lavine, Nathan Lavine, Philadelphia, Pa., for receivers.

Kip D. Denega, Jr., Philadelphia, Pa., for Langhorne Carpet Co.


OPINION AND ORDER

EDWARD R. BECKER, District Judge.

I. Preliminary Statement

This case raises important questions as to the proper criteria to be applied in determining fees to be awarded to attorneys for receivers and trustees in Chapter XI and straight bankruptcy proceedings. The principal questions involved are the following: First, should "time spent" by counsel be a prime consideration in determination of fees; Second,

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