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IN RE NEW ENGLAND CATERERS, INC.

Bankruptcy No. 87-11928-HAL.

115 B.R. 724 (1989)

In re NEW ENGLAND CATERERS, INC., Debtor.

United States Bankruptcy Court, D. Massachusetts.

November 6, 1989.

Attorney(s) appearing for the Case

Frederick D. Grant, Jr., Gordon & Wise, Boston, Mass., for Creditors' Committee.

Jeffrey Sternklar, Burns & Levinson, Boston, Mass., for Metlife Capitol Credit Corp.

Mark G. DeGiacomo, Roche, Carens & DeGiacomo, Boston, Mass., for Nat. Bank of Greece.

Irving Widett, Widett, Glazier & McCarthy, Boston, Mass.

Thomas Bean, Brown, Rudnick, Freed & Gesmer, Boston, Mass., for Circle Business Credit Corp.

Daniel C. Cohn, Fine & Ambrogne, Boston, Mass., for Landlord Olympia and York.

Milton Glanz, Waltham, Mass., for James Brudnick.

G. Emil Ward, Allston, Mass., for Y.W.C.A.

James W. Campbell, Gillis & Campbell, Hingham, Mass., for Gene Fortun Associates.

Jonathan D. Friedmann, Gargill, Sassoon & Rudolph, Boston, Mass., for George Varoudakis and successor corporate counsel.

FINDINGS AND RULINGS ON DEBTOR'S FUNDS USED BY COUNSEL

HAROLD LAVIEN, Bankruptcy Judge.

This is a companion opinion to the "Findings and Rulings" in State Street Stock Exchange, Ltd. However, here, we will examine the financial transactions between debtor, New England Caterers, Inc. ("NEC") and counsel, Widett, Glazier & McCarthy ("WGM"), and also consider the propriety of counsel's final fee application. To the extent that the facts are repetitive of...

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