HTML Document View

Full title: Order Granting Application For Compensation (Related Doc # 521). Granting for The Claro Group, LLC, fees awarded: $1,445,688.17, expenses awarded: $23,219.91 Signed on 3/2/2021. (kpico) (Entered: 03/02/2021)

Document posted on Mar 1, 2021 in the bankruptcy, 2 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

No. 19-35736 VETERINARY CARE, INC., et al., § § Chapter 11 DEBTORS.1 § ORDER GRANTING FIRST AND FINAL FEE APPLICATION FOR ALLOWANCE OF COMPENSATION AND REIMBURSEMENT OF EXPENSES BY THE CLARO GROUP, LLC FOR THE PERIOD NOVEMBER 8, 2019 THROUGH DECEMBER 31, 2020 (Relates to Docket No. 135)Upon consideration of the First and Final Fee application (the “Final Fee Application”) of The Claro Group, LLC (“Claro”) for allowance of compensation and for services rendered in providing a Chief Restructuring Officer and certain additional personnel to the Debtors1 for the period from November 8, 2019 through December 31, 2020 (the “Application Period”); and having reviewed the Final Fee Application; the Court finds that (a) it has jurisdiction over this matter pursuant to 28 U.S.C. § 1334, (b) this is a core proceeding pursuant to 28 U.S.C. § 157(b), (c) venue is proper before this Court pursuant to 28 U.S.C. § 1408, (d) the fees requested are reasonable, necessary and beneficial to the Debtors’ estates and should be allowed on a final basis, and (e) proper and adequate notice of the Final Application has been given and that no other or further notice is necessary; (f) good cause has been shown for the award of fees and expenses during the Application Period; and (g) the Final Fee Application should be GRANTED on a final basis. Of these amounts, $1,137,316.14 in fees have previously been paid pursuant to applicable interim fee procedures.Additionally, $23,219.91 in expenses have previously been reimbursed pursuant to applicable interim fee procedures.

Page 1

IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION ENTERED 03/02/2021 § IN RE: § § Case No. 19-35736 VETERINARY CARE, INC., et al., § § Chapter 11 DEBTORS.1 § ORDER GRANTING FIRST AND FINAL FEE APPLICATION FOR ALLOWANCE OF COMPENSATION AND REIMBURSEMENT OF EXPENSES BY THE CLARO GROUP, LLC FOR THE PERIOD NOVEMBER 8, 2019 THROUGH DECEMBER 31, 2020 (Relates to Docket No. 135) Upon consideration of the First and Final Fee application (the “Final Fee Application”) of The Claro Group, LLC (“Claro”) for allowance of compensation and for services rendered in providing a Chief Restructuring Officer and certain additional personnel to the Debtors1 for the period from November 8, 2019 through December 31, 2020 (the “Application Period”); and having reviewed the Final Fee Application; the Court finds that (a) it has jurisdiction over this matter pursuant to 28 U.S.C. § 1334, (b) this is a core proceeding pursuant to 28 U.S.C. § 157(b), (c) venue is proper before this Court pursuant to 28 U.S.C. § 1408, (d) the fees requested are reasonable, necessary and beneficial to the Debtors’ estates and should be allowed on a final basis, and (e) proper and adequate notice of the Final Application has been given and that no other or further notice is necessary; (f) good cause has been shown for the award of fees and expenses during the Application Period; and (g) the Final Fee Application should be GRANTED on a final basis. Therefore, it is hereby ORDERED that: 1 1 The debtors in these chapter 11 cases (the “Bankruptcy Case(s)”), along with the last four digits of each Debtor’s federal tax identification number, as applicable, are: Veterinary Care, Inc. (3844) (“VCI”) and TVET Management LLC (1790) (“Management,” and, collectively with VCI, the “Debtors”). The Debtors’ mailing address is 2700 Post Oak Blvd., 21st Floor, Houston, Texas 77056.

Page 2

1. The Final Fee Application is GRANTED as set forth herein. 2. Claro is allowed compensation of fees in the amount of $1,445,688.17 and reimbursement of expenses in the amount of $23,219.91. Of these amounts, $1,137,316.14 in fees have previously been paid pursuant to applicable interim fee procedures. Additionally, $23,219.91 in expenses have previously been reimbursed pursuant to applicable interim fee procedures. The unpaid allowed balance of $308,372.03 remains. 3. Claro is authorized to apply its pre-petition retainer in the amount of $28,000 to allowed unpaid fees. The Liquidating Trustee is authorized and directed to promptly pay Claro the remaining $280,372.03 in allowed unpaid fees. 4. This Court shall retain jurisdiction with respect to all matters relating to the interpretation or implementation of this Order. 5. This Order shall be effective immediately upon entry. SIGNED on this ___ day of ________________, 2021. MAaurcghu s0t2 0, 22,0 220119 THE HONORABLE CHRISTOPHER LOPEZ UNITED STATES BANKRUPTCY JUDGE