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Negus-Sons, Inc., Ch. 7, BK09-82518-TJM (Aug. 30, 2013)

The court granted the Chapter 7 trustee’s requests for payment of fees and expenses for professionals retained to assist him with his duties as administrator of the debtor’s ERISA plans. The bankruptcy court has jurisdiction to authorize payments from the ERISA plan assets as well as from the bankruptcy estate assets, and estate assets may be used to compensate the professionals if the U.S. Department of Labor subsequently reviews the matter and determines the payments should not have been made from plan assets.

Friday, August 30, 2013