David Lee

CourtUnited States Bankruptcy Court, C.D. California
DecidedMay 28, 2020
Docket2:19-bk-10119
StatusUnknown

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Bluebook
David Lee, (Cal. 2020).

Opinion

2 FILED & ENTERED 3

4 MAY 28 2020

5 C CL enE tR raK l U D. iS st. r B icA t N ofK CR aU liP foT rC nY ia COURT 6 BY b a k c h e l l DEPUTY CLERK

7 NOT FOR PUBLICATION 8 UNITED STATES BANKRUPTCY COURT 9 CENTRAL DISTRICT OF CALIFORNIA 10 LOS ANGELES DIVISION 11 In re: Case No. 2:19-bk-10119-RK 12 DAVID LEE, Chapter 11 13 Debtor. MEMORANDUM DECISION ON CLAIM 14 OF LENDER YCCS, LLC, FOR

ATTORNEYS’ FEES AND COSTS ON 15 ITS SECURED CLAIM UNDER 11 U.S.C. 16 § 506(b) AND DEBTOR’S OBJECTION THERETO 17

18 Pending before the court is the claim of Lender YCCS, LLC, (“YCCS”) for its 19 attorneys’ fees and costs based on its promissory note and deed of trust which had 20 encumbered Debtor’s principal residence, but had been released pursuant to an order of 21 the court approving Debtor’s taking out a new loan secured by a lien on his residence to 22 refinance existing loan indebtedness on the property, including YCCS’s loan secured by 23 a second priority lien. As a result of the court approved refinancing, Debtor paid through 24 escrow the principal, interest and all costs (other than disputed legal fees and related 25 legal costs) of the loan owed to YCCS, including payment of $20,731.39 to YCCS out of 26 the amount of over $61,697 in legal fees and costs that YCCS claims is owed by Debtor 27 pursuant to the note and deed of trust. As set forth in Debtor’s Objection to the 1 Filing (“ECF”) 289 (the “Fee Objection”), Debtor objects to fees claimed by YCCS in 2 excess of the $20,731.39 Debtor already paid YCCS through escrow. YCCS filed an 3 Opposition to Debtor’s Fee Objection on March 30, 2020 (the “Opposition”). ECF 292. In 4 response to YCCS’s Opposition, Debtor filed a Reply RE Fee Objection, ECF 293, on 5 March 30, 2020 (the “Reply”). YCCS’s unpaid claim for its legal fees and related costs 6 and Debtor’s objection thereto is a contested matter within the meaning of Federal Rule 7 of Bankruptcy Procedure 9014. Debtor is represented by David A. Tilem of the Law 8 Offices of David A. Tilem. YCCS is represented by Baruch C. Cohen of the Law Office of 9 Baruch C. Cohen. 10 Debtor and YCCS agree that pursuant to Section 5.(C) of that promissory note 11 secured by a deed of trust entered into between Debtor and YCCS on or about 12 November 14, 2017, Exhibit 2 to YCCS’s Motion for Relief from the Automatic Stay Under 13 11 U.S.C. § 362, ECF 108 at 33-37 (the “Note”), under the note and deed of trust, where 14 debtor as the borrower fail to pay it as required, YCCS has “the right to be paid back for 15 all its costs and expenses . . . includ[ing], for example, reasonable attorney’s fees and 16 expert’s fees[,]” should Debtor default under the Note and YCCS requires full payment, 17 as occurred here. YCCS seeks reimbursement of $61,697.36 for the fees and expenses 18 incurred during the bankruptcy case, including fees and expenses principally related to: 19 (i) Debtor’s Motion to Employ Attorney Sanders, ECF 26; (ii) Debtor’s Motion for Order 20 Authorizing Debtor to Enter Into a Month to Month Lease and Pay for Moving Expenses, 21 ECF 95; (iii) YCCS’s Motion for Relief from the Automatic Stay Under 11 U.S.C. § 362, 22 ECF 108 (the “Motion for Relief from Stay”); (iv) Debtor’s Motion for Order Authorizing 23 Debtor to Obtain Credit Pursuant to § 364(c)(2), ECF 195; (v) Debtor’s January 14, 2020 24 Status Report, ECF 233; (vi) Debtor’s Motion for Order Employing Real Estate Broker, 25 ECF 235; (vii) and Debtor’s Motion for Order Authorizing Debtor to Obtain Credit 26 Pursuant to 11 U.S.C. § 364(c)(2), ECF 239 (the “Second Refinancing Motion”). As 27 directed by the court, YCCS submitted to the court in camera the invoices or bills 1 Baruch C. Cohen, of the Law Office of Baruch C. Cohen, and the court has reviewed the 2 fees and expenses incurred by YCCS’s counsel in detail in these unredacted billing 3 entries as well as in Debtor’s objections to specific billing entries. 4 Debtor notes that YCCS was ordered to file copies of its redacted billing 5 statements on the case docket and to deliver unredacted copies to the judge’s chambers 6 by a date certain and that YCCS did not comply with this order. Debtor is correct that 7 YCCS did not file its redacted billing statements so that the billing statements are on 8 record on the case docket. Debtor acknowledges that he was provided with minimally 9 redacted billing statements, and the court acknowledges that it was provided with 10 unredacted billing statements. Thus, Debtor and the court have been able to review the 11 billing statements of YCCS’s counsel, though the billing statements are still not on record 12 on the case docket based on the court’s review of the docket. 13 The court determines that Debtor’s specific objections to the legal fees and costs 14 claimed by YCCS, as set forth in his Fee Objection, ECF 289, are well-taken, and as 15 discussed herein, the court generally sustains those objections for the reasons set forth 16 in Debtor’s Fee Objection. Additionally, in conducting its independent review of the fees, 17 the court reduces the amount of YCCS’s “undisputed”1 attorneys’ fees of $42,917.90, that 18 is, not disputed by Debtor, ECF 289 at 10, and determines that reasonable attorneys’ 19 fees and expenses of $36,730.40 should be allowed to YCCS based on the relatively 20 straightforward and noncomplex nature of the dispute between Debtor and YCCS 21 regarding payoff of its promissory note and deed of trust and the legal standards 22 discussed below. 23 Pursuant to 11 U.S.C. § 506(b), an oversecured creditor “is entitled to postpetition 24 attorneys’ fees and costs if: (1) the claim is an allowed secured claim; (2) the creditor is 25 oversecured; (3) the fees are reasonable; and (4) the fees are provided for under the 26 agreement.” In re 1910 Partners, 2017 WL 6273314, 2017 Bankr. LEXIS 4211, slip op. 27 1 Here, “undisputed” means those fees that Debtor has not specifically objected to in the Fee 1 at *7 (9th Cir. BAP 2017) (citing Kord Enterprises II v. California Commerce Bank (In re 2 Kord Enterprises II), 139 F.3d 684, 687 (9th Cir. 1998)). Neither party disputes that YCCS 3 was an oversecured creditor with an allowed secured claim and could recover its 4 reasonable postpetition attorneys’ fees and expenses based on the promissory note 5 entered into between the parties. Accordingly, the reasonableness of the fees and costs 6 of counsel for YCCS is the only determination for the court to make here. A secured 7 creditor has the burden of proving the reasonableness of its fee claim under 11 U.S.C. § 8 506(b). Atwood v. Chase Manhattan Mortgage Company (In re Atwood), 293 B.R. 227, 9 233 (9th Cir. BAP 2003). 10 The crucial “determinant for ‘reasonableness’ is whether the creditor . . . took the 11 kinds of actions that similarly situated creditors might reasonably conclude should be 12 taken.” In re 1910 Partners, 2017 WL 6273314, slip op. at *7 (citing Dalessio v. Pauchon 13 (In re Dalessio), 74 B.R. 721, 723 (9th Cir. BAP 1987)). The court should evaluate 14 whether “the creditor reasonably believed that the services employed were necessary to 15 protect its interests in the debtor’s property.” Id. (internal citation omitted).

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