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IN RE MIDLAND CAPITAL CORP.

Bankruptcy Nos. 85 B 11894 (PBA), 85 B 11895 (PBA).

82 B.R. 233 (1988)

In re MIDLAND CAPITAL CORPORATION, Midland Venture Capital Limited, Debtors.

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

January 14, 1988.

Attorney(s) appearing for the Case

Donovan Leisure Newton & Irvine by Kenneth Newman and Christopher Johnson, New York City, for applicants John A. Callahan and Joseph F. Bradway, Jr.

Zalkin, Rodin & Goodman by Richard S. Toder and Neil Herman, New York City, for James P. Hassett, the chapter 11 trustee.

Rosenman Colin Lewis Freund & Cohen by Robert Michaelson, New York City, for the Creditors' Committee.

MEMORANDUM DECISION ON APPLICATION OF JOHN A. CALLAHAN AND JOSEPH F. BRADWAY, JR. FOR ORDER DIRECTING CHAPTER 11 TRUSTEE TO PAY SALARY AND REIMBURSE DISBURSEMENTS

PRUDENCE B. ABRAM, Bankruptcy Judge.

John A. Callahan ("Callahan") and Joseph F. Bradway, Jr. ("Bradway") (collectively "Applicants") have sought an order directing James P. Hassett, the Chapter 11 trustee of these debtors ("Trustee" or "Hassett"), to pay them a combined salary of $150,000 (five...

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