In Re Optical Corp. of America, Inc.

W.D. Kentucky

In Re Optical Corp. of America, Inc.

157 B.R. 823, 1993 Bankr. LEXIS 1285, 1993 WL 347437

CourtUnited States Bankruptcy Court, W.D. Kentucky

DecidedAugust 30, 1993

Docket19-30075

StatusPublished

Cited by2 cases

This text of 157 B.R. 823 (In Re Optical Corp. of America, Inc.) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, W.D. Kentucky primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

In Re Optical Corp. of America, Inc., 157 B.R. 823, 1993 Bankr. LEXIS 1285, 1993 WL 347437 (Ky. 1993).

Pincite

Opinion

MEMORANDUM

DAVID T. STOSBERG, Bankruptcy Judge.

This matter is before the Court on the Application of counsel for the Debtor for allowance of final compensation and reimbursement of expenses. Although the Court notes that in previous Applications, it approved of one entry of seven-tenths (.7) of an hour on a paralegal rate of $65.00 per hour, the Court declines to approve such a rate on a regular basis. Heretofore, The Bankruptcy Court for the Western District of Kentucky has not established any specific guidelines for paralegal rates. However, as a guideline for all present and future paralegal rates, the Court elects to award a maximum of one-third of the highest hourly rate allowed to attorneys. At the current time, the maximum rate allowed to counsel in the Western District of Kentucky is $175.00 per hour.

For purposes of this case, the Court will award $57.00 per hour for “paralegal work performed” which the Court considers reasonable compensation for a paralegal with four years experience. Only two-tenths (.2) of an hour is requested in this Application for the paralegal rate of $65.00 per hour. The reduction in the hourly rate mandated herein only reduces the total amount requested in this Application by $1.60.

Accordingly, the amount of compensation requested in the Fee Application will be reduced consistent with the guidelines in this Memorandum.

Free access — add to your briefcase to read the full text and ask questions with AI

MEMORANDUM

DAVID T. STOSBERG, Bankruptcy Judge.

This matter is before the Court on the Application of counsel for the Debtor for allowance of final compensation and reimbursement of expenses. Although the Court notes that in previous Applications, it approved of one entry of seven-tenths (.7) of an hour on a paralegal rate of $65.00 per hour, the Court declines to approve such a rate on a regular basis. Heretofore, The Bankruptcy Court for the Western District of Kentucky has not established any specific guidelines for paralegal rates. However, as a guideline for all present and future paralegal rates, the Court elects to award a maximum of one-third of the highest hourly rate allowed to attorneys. At the current time, the maximum rate allowed to counsel in the Western District of Kentucky is $175.00 per hour.

For purposes of this case, the Court will award $57.00 per hour for “paralegal work performed” which the Court considers reasonable compensation for a paralegal with four years experience. Only two-tenths (.2) of an hour is requested in this Application for the paralegal rate of $65.00 per hour. The reduction in the hourly rate mandated herein only reduces the total amount requested in this Application by $1.60.

Accordingly, the amount of compensation requested in the Fee Application will be reduced consistent with the guidelines in this Memorandum.

Cite This Page — Counsel Stack

Bluebook (online)

157 B.R. 823, 1993 Bankr. LEXIS 1285, 1993 WL 347437, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-optical-corp-of-america-inc-kywb-1993.

Opinion

Related

Cite This Page — Counsel Stack