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IN RE FIDELITY AMERICA FINANCIAL CORP.

Bankruptcy Nos. 81-00385G to 81-00388G.

46 B.R. 181 (1985)

In re FIDELITY AMERICA FINANCIAL CORPORATION Jointly Administered with Fidelity America Mortgage Co. (A Pennsylvania Corporation), Fidelity America Mortgage Co. (A Delaware Corporation), Fidelity America Mortgage Co. (A Nevada Corporation), Debtors.

United States Bankruptcy Court, E.D. Pennsylvania.

Reconsideration Denied April 24, 1985.

Attorney(s) appearing for the Case

Neal D. Colton, Dechert, Price & Rhoads, Philadelphia, Pa., for FAMCO Mortgage Secured Noteholders' Creditors' Committee.

Alexander N. Rubin, Jr., Rubin, Quinn & Moss, Philadelphia, Pa. for trustee, Norman M. Kranzdorf, objector.

OPINION

EMIL F. GOLDHABER, Chief Judge:

The issue presented for resolution in the case before us is whether we should sustain the trustee's objection to the application for attorney fees and expenses filed by counsel to the Creditors' Committee of Mortgage Secured Noteholders ("the Noteholders' Committee"). For the reasons stated herein we will sustain the objection and deny the application in full.

The facts of this dispute are as follows:

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