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IN RE NIOVER BAGELS, INC.

Bankruptcy No. 897-85104-288.

214 B.R. 291 (1997)

In re NIOVER BAGELS, INC., d/b/a The Ultimate Bagel Cafe, Debtor.

United States Bankruptcy Court, E.D. New York.

November 4, 1997.

Attorney(s) appearing for the Case

Stephen P. Gelfand, Zinker & Gelfand, Smithtown, NY, for Debtor.

Carolyn S. Schwartz, United States Trustee by Stan Yang, Garden City, NY, Attorney-Advisor.

MEMORANDUM OPINION APPROVING POSTPETITION MONTHLY PAYMENTS TO ACCOUNTANT FOR DEBTOR IN POSSESSION

STAN BERNSTEIN, Bankruptcy Judge.

Issue:

Should the Court grant the application of the debtor in possession to engage an accounting firm under a compensation arrangement in which the accountant will be paid his invoices on a monthly basis in an amount of $600 at an hourly rate of $175, not to exceed $7,200 for the engagement, subject to the submission...

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