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IN RE K & L INC.

Bankruptcy No. BK90-40895.

205 B.R. 589 (1991)

In the Matter of K & L INCORPORATED, Debtor.

United States Bankruptcy Court, D. Nebraska.

September 30, 1991.

Attorney(s) appearing for the Case

Victor E. Covalt, III, Lincoln, NE, for Trustee.

Eugene Chamberlain, Trustee, Tekamah, NE.

Jerry Jenson, Asst. U.S. Trustee, Omaha, NE.

MEMORANDUM

JOHN C. MINAHAN, Jr., Bankruptcy Judge.

This is a Chapter 11 case in which a trustee was appointed. The trustee requests interim compensation at an hourly rate of $75.00 for a total of $14,275.00. The United States Trustee objects asserting that under § 326(a) a Chapter 11 trustee may only be compensated by the payment of a statutory percentage fee. I conclude that the objection should be sustained.

Compensation for...

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