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IN RE PRAIRIE CENT. RY. CO.

Bankruptcy No. 85 B 05350.

87 B.R. 952 (1988)

In re PRAIRIE CENTRAL RAILWAY CO., Debtor.

United States Bankruptcy Court, N.D. Illinois, E.D.

June 9, 1988.

Attorney(s) appearing for the Case

Groupe & Katz, Chicago, Ill., for debtor Prairie Cent. Ry.

Stephen J. Schlegel, Ivar R. Azeris, Clausen Miller Gorman Caffrey & Witous P.C., Chicago, Ill., for trustee Stephen J. Schlegel.

MEMORANDUM OPINION

JOHN H. SQUIRES, Bankruptcy Judge.

One of the most unpleasant judicial duties which bankruptcy judges are called to perform involves reviewing fee applications submitted by professionals. The facts and circumstances of this case, as discussed below, and 11 U.S.C. §§ 326 and 330, mandate reduction of the compensation sought by the Trustee and the attorneys for the Trustee and only partial reimbursement of the expenses advanced...

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