United States Bankruptcy Court, W.D. Michigan October 29, 2005, 19-03985 (In Re US Flow Corp.)

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United States · · · 29-10-2005

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?

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