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IN RE TM CARLTON HOUSE PARTNERS, LTD.

Bankruptcy No. 88-10774S.

93 B.R. 875 (1988)

In re TM CARLTON HOUSE PARTNERS, LTD., Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

December 5, 1988.

Attorney(s) appearing for the Case

Joanne Zack, Kohn, Savett, Klein & Graf, Philadelphia, Pa., for Equity Sec. Holders.

Mark S. Lieberman, Chicago, Ill., Marvin Krasny, Philadelphia, Pa., for Skokie. Cole Silver, Philadelphia, Pa., for Teebesco.

Geoff Veith, Philadelphia, Pa., for Capital Group.

Martin J. Weis, Lawrence G. McMichael, Philadelphia, Pa., for debtor.

Mark J. Packel, Philadelphia, Pa., for Creditors' Committee.

Stephen Raslavich, Philadelphia, Pa., for Bergs.

David Smith, Philadelphia, Pa., for Concap.

James J. O'Connell, Philadelphia, Pa., Ass't. U.S. Trustee.

MEMORANDUM

DAVID A. SCHOLL, Bankruptcy Judge.

The matter before us exemplifies what may appear as overly-harsh consequences which the Third Circuit Court of Appeals has twice recently held must follow from a failure of a professional to obtain court appointment in timely fashion. In re F/S Airlease II v. Simon, 844 F.2d 99, 105-08 (3d Cir.1988); and In re Arkansas Co., 798 F.2d 645

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