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IN RE AMERICAN CANADIAN INVESTMENTS, INC.

No. 04-12034-SSM.

353 B.R. 852 (2006)

In re AMERICAN CANADIAN INVESTMENTS, INC., Debtor.

United States Bankruptcy Court, E.D. Virginia, Alexandria Division.

November 1, 2006.

Attorney(s) appearing for the Case

Steven B. Ramsdell, Tyler, Bartl, Gorman and Ramsdell, P.L.C., Alexandria, VA, for Debtor.

MEMORANDUM OPINION

STEPHEN S. MITCHELL, Bankruptcy Judge.

This matter is before the court on the chapter 7 trustee's Final Report and Account with Compensation. A hearing was held on September 19, 2006. The chapter 7 trustee, H. Jason Gold, requests approval of $64,878.89 as compensation. The United States Trustee ("US Trustee") objected to the application, arguing that the trustee is only entitled to $12,631.48. The issue is whether a credit bid may be...

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