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IN RE LABRUM & DOAK, LLP

Bankruptcy No. 98-10215DAS.

227 B.R. 372 (1998)

In re LABRUM & DOAK, LLP, Debtor.

United States Bankruptcy Court, E.D. Pennsylvania, Philadelphia Division.

November 13, 1998.

Attorney(s) appearing for the Case

Neal Colton, Philadelphia, PA, for Debtor.

Aris Karalis, Ciardi, Maschmeyer & Karalis, P.C., Philadelphia, PA, for Unsecured Creditors Committee.

Paul J. Winterhalter, Philadelphia, PA, for Petitioners and Former Partners' Committee.

Lawrence J. Tabas, Obermayer, Rebmann Maxwell & Heppel, LLP, Philadelphia, PA, Chairman of Creditors' Committee.

Nicholas J. LePore, III, Schnader Harrison Segal Lewis, LLP, Philadelphia, PA, for Daniel J. Ryan.

Robert Szwajkos, Lavin, Coleman, O'Neil, Ricci, Finarelly & Gray, Philadelphia, PA, for Barbara L. Hollenbach.

Jay G. Ochroch, Fox, Rothschild, O'Brien & Frankel, Philadelphia, PA, for Kean McDonald.

Robert Lapowsky, Wayne, PA, for David J. Parsells.

Mark J. Packel, Duane, Morris & Heckscher, LLP, Philadelphia, PA, for Continental Casualty Co.

Emily Abbott, Horn, Goldberg, Gorny, Plackter, Weiss & Perskie, Atlantic City, NJ, for Athena Assurance Co.

Frederic Baker, Philadelphia, PA, Ass't. U.S. Trustee.

OPINION

DAVID A. SCHOLL, Chief Judge.

A. INTRODUCTION

Presently before us for determination in the contentious Chapter 11 case of LABRUM & DOAK, LLP ("the Debtor"), a dissolved law firm, are certain Objections to the Liquidating Plan of Reorganization ("the Plan") proposed by the Official Committee of Unsecured Creditors ("the UC Committee"). The principal objections are these of former partners contending that the Plan improperly...

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