MATTER OF G.A.C. CORP.

Bankruptcy No. 76-131-NCR-B.

14 B.R. 1020 (1981)

In the Matter of G.A.C. CORPORATION, Bankrupt.

United States Bankruptcy Court, S.D. Florida.

September 16, 1981.


Attorney(s) appearing for the Case

Sam Rothman, Washington, D.C., for Dept. of Housing and Urban Development.

Irving Mark Wolff, P.A., Miami, Fla., of counsel for Halfonds.

Dennis E. LaRosa, Tallahassee, Fla., for Dept. of Business Regulation, Division of Florida Land Sales and Condominiums.

Harry L. Durant, Smathers & Thompson, Miami, Fla., for Oppenheimer & Co.

Allen H. Merril, William Struyk, Cravath, Swaine & Moore, New York City, Jerry B. Crockett, Steel, Hector & Davis, Miami, Fla., for Chem. Bank, Indenture Trustee.

Paul B. Anton, Adams, Anton, Robbin, Resnick, Scheider & Mager, P.A., Hollywood, Fla., for Mailman Devp. Corp.

Milton B. Hyman, Irell & Monella, Los Angeles, Cal., special tax counsel for Co-Trustee.

James Edward Yacos, P.A., Miami, Fla., for Co-Trustees.

Britton, Cohen, Kaufman, Benson & Schantz, Miami, Fla., for debtor.

Leonard H. Gilbert, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., Tampa, Fla., for Polk, Collier and Osceola Counties.

Murray B. Weil, Jr., Fuller, Feingold, Weil & Scheer, Miami Beach, Fla., for Class Action Plaintiffs.

Larry J. Hoffman, Greenberg, Traurig, Hoffman & Lipoff, Miami, Fla., for Corp. Creditors' Comm.

Louis Phillips, Phillips & Phillips, Herbert L. Brill, Layne & Brill, Miami, Fla., Jack Meyorwitz, New York City, for debenture-holders.

Sidney Roberts, Robert Gloistein, Orrick, Herrington, Rowley & Sutcliff, San Francisco, Cal., John H. Gunn, Gunn, Venney & Buhler, Miami, Fla., for B of A, Indenture Trustee.

Nemser & Nemser, Mortimer A. Shapiro, New York City, for Protective Committee for Senior Debentureholders of "CREDIT".

Frank J. Callhan, Herbert S. Freehling, Miami, Fla., Co-Trustees.

Elliot L. Miller, Robert L. Weintraub, GAC Properties Inc., Miami, Fla., Marvin Hartung, Conboy, Hewitt, O'Brien & Boardman, New York City, for GAC Corp., debentureholders.

Carl K. Hoffmann, Bradford, Williams, McKay, Kimbrell, Hamann, Jennings & Kinskern, P.A., Miami, Fla., Peter T. De Koszmovszky, Shearman & Sterling, New York City, for Citibank, N.A., Indenture Trustee.

John R. Camp, Jr., Blackwell, Walker, Gray, Powers, Flick & Hoehl, Miami, Fla., for Chapter X Co-Trustees.

Richard H. Millen, Herbert Wolas, Robinson & Wolas, Los Angeles, Cal., Martin Sandler, Sandler & Sandler, P.A., Miami, Fla., for Calif. Creditors' Committee.

W.F. Esslinger, Miami, Fla., R. Joel Weiss, Hollywood, Fla., Gordon Coughlin, Coughlin & Gerhart, Binghamton, N.Y., for creditors.

Samuel H. Freeman, New York City, for Mabel E. Duane, Evan G. Duane and George B. Duane.

Robert M. Brake, Coral Gables, Fla., I. Walton Bader, Bader & Bader, White Plains, N.Y., for claimants.

Gerwin, Ehrenclou, Kessler & Weingarten, P.C., New York City, for Objectant, Barbara Gerwin.

Law Offices of Jay H. Hernberg, Fort Lauderdale, Fla., for John Feldmayer and Estelle Clark.

Paul & Thompson, Miami, Fla., James M. Barton, Cummings & Lockwood, Greenwich, Conn., Keith Heller, Minneapolis, Minn., for Cedar Riverside Properties.

Podhurst, Orseck & Parks, P.A., Miami, Fla., for Co-Counsel Aura Associates.

Edward Read Barton, Allegan, Mich., for Gerald Foster.

Robert Rosenberg, Cole & Deitz, New York City, for Nat. Bank of North America.

Martin E. Silfen, P.C., New York City, Hugh Sawyer, St. Petersburg, Fla., for Lot Purchasers.

Wakefield, Hewitt & Webster, Miami, Fla., for 4 lot purchasers.

Harold Shapiro, Miami Beach, Fla., for Abraham Simon.

Henry A. Pominville, P.C., Bay City, Mich., for Thomas J. Drummond and Nancy J. Drummond.

Thomas M. Baumer, Mahoney, Hadlow & Adams, Jacksonville, Fla., for Trustees of Barnett Mortgage Trust.

Prunty, Ross & Olsen, Miami, Fla., for 700 Claimants in Foreign Countries.

Vincent F. Sabatini, Sabatini & Budney, Newington, Conn., for Edward G. & Mary A. Presta.

Martin B. Whitaker, Washington, D.C., for Tax Division, Dept. of Justice.

William K. Zewadski, Trenam, Simmons, Kemker, Scharf & Barkin, Tampa, Fla., for Mrs. Duncan.

Robert A. Greenfield, Los Angeles, Cal., for H.F. Ahmanson.

Robert E. McGarry, McGarry & Brody, St. Paul, Minn., for Ellery A. & Helen M. Likens, Jr.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for Roland International Corp.

Pauline M. Stevens, Los Angeles, Cal., for Bank of America.

Peter C. Jones, Welbaum, Zook, Jones & Williams, Miami, Fla., for Travelers Indemnity.

Steven D. Tipler, McDonald, Brown & Tipler, Birmingham, Ala., for Chas. Mullens.


THOMAS C. BRITTON, Bankruptcy Judge.

Certification as to Special Charges and Referee's Salary and Expense Fund

These Chapter X cases are governed by the provisions of the Bankruptcy Act of 1898 as amended, § 241(1) of which provides for "reasonable compensation for services rendered . . . (1) by a referee". That section further provides that the compensation of the referee shall not be governed by § 40 of the Act. Section 40 provides a percentage...

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