Mark IV Properties, Inc. v. Club Development & Management Corp. (In Re Club Development & Management Corp.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that an order granted pursuant to § 364(b) must be supported by a finding that the debt was an actual, necessary cost and expense of preserving the estate
• business judgment is not a statutory grounds for approving administrative costs incurred out of the ordinary course of business
• where entire record consists of representations of counsel, there is no factual support for finding that salaries were necessary

Source: CourtListener parenthetical corpus (CC0).