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More paperwork on the bills in the bankruptcy

By Pamela Jones et al.

More boring applications for money from SCO, or certificates of no objection about bills to SCO, in the bankruptcy. This time it's Tanner and Dorsey lining up at the trough. Again. Like clockwork.

This is just paperwork, required by the court. So SCO can pay Dorsey $21,693.13 without need for a court order, due to no objections being filed; that's 80% of their bill and 100% of their expenses for November. And Tanner, the accountants, have filed their first quarterly application, covering the period of October 2, 2007 through January 4, 2008. They ask for $113,455.00 as compensation, plus $3,507.00 in expenses. That's the total for the bills already filed each month, and they say it represents 694.9 total hours, at a "blended" hourly rate of $163.27, which is certainly reasonable.

If SCO had an ongoing thriving business able to pay its bills, that is, it would be reasonable. As it is, the money they have left seems to be draining out bit by bit. To me, it's like if you don't have your rent money, but you go out and buy a new dress because it's on sale and hence a bargain.

I really can't wait for April to get here. The next deadline in Utah is now February 19, when Novell is due to respond to SCO's opposition to Novell's motion for summary judgment on its 4th claim. Judge Kimball signed the order giving them the extra stipulated time.

Full post as published by Groklaw on February 13, 2008 (boomark / email).