Case Name:
ln re Concept Clubs, Inc., 125 B.R. 634 (Bankr.D.Utah)
Judge:
Judge Allen
Date:
Apr-5-1991
Case Number(s):
89A-2750 through -2754
Status:
PUBLISHED
Body:
Debtor's broker sought approval, as an administrative expense, of a 10% sales commission for brokering a $1 million property sale. Several creditors and the U.S. Trustee objected, contending that the commission for such sales should be no more than 5%. Applying a "reasonable compensation" standard, and considering the factors for determining a reasonable broker's commission delineated in Matter of Womack, Inc., 1 B.R. 95 (Bankr. D. Nev. 1979), the court concluded that a reasonable award was $50,000.
Internal Ref:
Opinion 323
File: