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IN RE WILNOR DRILLING, INC.

Bankruptcy Nos. 82 5240-82 5244.

29 B.R. 727 (1982)

In re WILNOR DRILLING, INC.; Mason Oil Company; William R. Mason Petroleum, Inc.; William R. Mason & Elnora D. Mason; Teresella Petroleum; Debtors.

United States District Court, S.D. Illinois.

August 4, 1982.

Attorney(s) appearing for the Case

Joel A. Kunin, East St. Louis, Ill. and Leland W. Hutchison, Jr., Rooks, Pitts, Fullagar & Poust, Chicago, Ill., for Wilnor Drilling, Inc.

Ronald L. Pallmann, East St. Louis, Ill. and Nurie & Bucklin, Kalamazoo, Mich., for Lovely, Beach and Hanson.

John Richards Lee, S.E.C., Chicago, Ill., for S.E.C.

Schwartz, Cooper, Kolb & Gaynor, Chicago, Ill., Kassly, Bone, Becker, Dix & Tillery, Belleville, Ill., for Official Creditors Committee.

ORDER

BEATTY, District Judge.

Before the Court is an appeal of the Bankruptcy Court's order denying the motion of Securities and Exchange Commission for reconsideration, entered June 29, 1982. The Bankruptcy Court affirmed its earlier ruling that the fees and expenses of the Investors' Committee will be subordinated to the reasonable fees and expenses of the Creditors' Committee. The issue on appeal is whether the Bankruptcy Court erred in subordinating...

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