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IN RE CONSUPAK, INC.

Bankruptcy No. 77 B 7186.

87 B.R. 529 (1988)

In re CONSUPAK, INC., Debtor.

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

June 3, 1988.

Attorney(s) appearing for the Case

Edward Limperis, Hinsdale, Ill., Trustee.

Gerald F. Munitz, Winston & Strawn, Chicago, Ill., for Continental Illinois Bank and Trust Co. of Chicago.

Dean C. Harvalis, Office of the U.S. Trustee, Chicago, Ill., for U.S. Trustee.

Irving H. Levy, Chicago, Ill., for National Acceptance Co.

Martha A. Mills, Foss, Schuman, Drake & Bernard, Chicago, Ill., for Schoeman, Marsh, Updike & Welt.

Philip V. Martino, Rudnick & Wolfe, Chicago, Ill., for Edward Limperis.

Joseph L. Matz, Holleb & Coff, Chicago, Ill., for trustee.

Karen H. Kennedy, Arvey, Hodes, Costello & Burman, Chicago, Ill., for debtor; Kleinberg, Moroney, Masterson & Schachter, Millburn, N.J., co-counsel.

Daniel M. Pelliccioni, Katten, Muchin & Zavis, Chicago, Ill., for National Acceptance Co. of America.

Schenck, Price, Smith & Kings, Morristown, N.J., for Philip A. Anderson, Richard R. Askew, Evan Howell and William A. Seubert.

MEMORANDUM AND OPINION AS TO TRUSTEE'S PARTIAL OMISSION TO INVEST ESTATE FUNDS

JACK B. SCHMETTERER, Bankruptcy Judge.

This matter is before the Court on application of various counsel and the Trustee for fees, and on the Court's own motion to consider whether Trustee Edward Limperis (the "Trustee") should be surcharged for mismanaging part of the funds of this estate. As described below, substantial sums of money have been held in a noninterest-bearing checking...

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