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MATTER OF SCHATZ FEDERAL BEARINGS CO., INC.

Bankruptcy No. 80 B 20101.

17 B.R. 780 (1982)

In the Matter of SCHATZ FEDERAL BEARINGS COMPANY, INC., Debtor.

United States Bankruptcy Court, S.D. New York.

February 22, 1982.

Attorney(s) appearing for the Case

Otterbourg, Steindler, Houston & Rosen, P.C., New York City, for debtor.

Stroock & Stroock & Lavan, New York City, for Creditors' Committee.

DECISION ON MOTION TO REARGUE APPLICATION FOR DIRECTORS' COMPENSATION AND OUT OF POCKET EXPENSES

HOWARD SCHWARTZBERG, Bankruptcy Judge.

Two former directors of the above-captioned debtor in this liquidating Chapter 11 case seek an order pursuant to Code § 503(b)(1)(A) authorizing payment of reasonable compensation for a portion of the time when they acted as directors. J. Hamilton Crawford, Jr. originally applied for

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