U.S. Trustee Wants 30% Fee Holdback In Levitz Case

Law360, New York (August 21, 2008, 12:00 AM EDT) -- The U.S. trustee overseeing the Chapter 11 proceedings of Levitz Furniture Inc. has objected to the latest round of fee applications in the case, arguing that paying the fees in full would be premature because the outcome of the proceedings remains uncertain.

U.S. Trustee Diana G. Adams filed her objection Wednesday, asking the court to hold back 30 percent of the interim fees at issue in the bankruptcy of PLVTZ Inc., which did business as Levitz Furniture.

Debtor counsel Jones Day has already agreed to only...
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