In re Value Sales No. 2, Inc.

MEMORANDUM OPINION IN RE ATTORNEYS’ FEES

Debtor’s counsel seeks an award of fees and costs for services rendered and expenses incurred as counsel for the debtor in these proceedings.

A review of the files, documents and records in this case reveals the following:

1. Debtor’s petition was filed on September 17, 1979.

2. The operation of the debtor’s business during the ongoing Chapter proceedings was financed in large part by the debtor’s mother, pursuant to an arrangement approved by this Court in the early stages of the case.

3. The plan (confirmed on July 31,1980) provides for the payment of $25,000, to be used to discharge priority and unsecured claims. The debtor is to pay $15,000 upon confirmation, and an additional $10,000 in three installments of $3,333.33 or more, payable 6 months, 12 months, and 18 months after the first dividend is paid.

4. Expenses of administration and priority claims are to be paid in full from the initial $15,000 deposit. The balance of the initial deposit, if any, and the entire $10,000 are to go to unsecured debt.

5. The dollar amount of unsecured claims consenting to the plan was $140,-298.57.

6. Administration expenses for the referees’…