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IN RE CHAS. A. STEVENS & CO.

Bankruptcy No. 88 B 09575.

105 B.R. 866 (1989)

In re CHAS. A. STEVENS & CO., Debtor.

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

September 29, 1989.

Attorney(s) appearing for the Case

Donald F. Engel, Schwartz, Cooper, Kolb & Gaynor, Chicago, Ill., for creditors' committee.

Salvatore A. Barbatano, Rudnick & Wolfe, Chicago, Ill., for debtor Chas. A. Stevens & Co.

Pete Ball, Thomas O'Donoghue, Chicago, Ill., Representative of Buccino & Associates.

MEMORANDUM OPINION

JOHN H. SQUIRES, Bankruptcy Judge.

Reductions of professional fees are among a bankruptcy's judge's most difficult and sensitive tasks. The controlling statutory and case authorities invest bankruptcy judges with broad discretion which must be equitably and fairly exercised without abuse to award appropriate compensation. Unfortunately for the applicant at bar, exercise of such discretion under

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