Are fees and expenses reasonable and necessary?
MultiRegion, United States of America
The following excerpt is from In re Residential Capital, LLC, 512 B.R. 179 (Bankr. S.D.N.Y. 2014):
fees and expenses were reasonable and necessary. Id. (citing Wood v. Brosse, U.S.A., Inc., 149 F.R.D. 44, 52 (S.D.N.Y.1993)). But, courts retain discretion over the final amount awarded and typically require the submission of detailed time records to determine whether the fees incurred are reasonable. In re Green, 422 B.R. at 477 (citing In re Spectee Grp., 185 B.R. at 160).
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