Bankruptcy Appellate Panel of the First Circuit December 7, 2012, BAP No. MW 12-012; Bankruptcy No. 11-43424-MSH (Formatech, Inc. v. Sovereign Bank)

KORNREICH, Bankruptcy Judge.

The debtor, Formatech, Inc. (“Forma-tech”), appeals from the order of the bankruptcy court denying its motion to surcharge the collateral of Sovereign Bank (“Sovereign”) and Massachusetts Growth Capital Corporation (“MGCC”) under § 506(c) for fees and expenses incurred by its counsel.1 For the reasons set forth below, this appeal is DISMISSED.