OPINION REGARDING POSSIBLE DISGORGEMENT OF CARVE-OUT FUNDS
JAMES D. GREGG, Bankruptcy Judge.
I. ISSUE
This issue arises in one of those detestable administratively insolvent estates. Must court-appointed professionals in the chapter 11 case disgorge carve-out funds approved by the court pursuant to a DIP financing order? Is the carve-out defeasible in order to benefit other administrative claimants resulting from the conversion of...
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