In Re: Coeptis Equity Fund LLC v. Gina Klump

facts, we do not recount them here, except as necessary to provide context to our

ruling. We affirm.

We review for abuse of discretion an order granting or denying

compensation. In re Mednet, 251 B.R. 103, 106 (9th Cir. BAP 2000). When

awarding compensation, a bankruptcy court must consider the nature, extent, and

value of the services rendered and may not award compensation for services which

were unnecessarily duplicative, not reasonably likely to benefit the estate, or

unnecessary to the administration of the case. 11 U.S.C. § 330(a)(3–4).

In opposing the Compensation Order, Coeptis contends that the Subchapter V

trustee should not be compensated for actions taken after Coeptis was removed as

debtor-in-possession or for actions the trustee took in order to convert this case to

Chapter 7 because, according to Coeptis, removal and conversion were improper.

As we held in separately filed memoranda dispositions, the bankruptcy court did not

abuse its discretion in removing Coeptis as debtor-in-possession and converting the

case to Chapter 7. The bankruptcy court did not abuse its discretion in awarding

compensation in these matters.

Coeptis also contends that the…