Collier Compensation, Employment and Appointment of Trustees and Professionals in Bankruptcy Cases

A complete examination of the Code provisions, case law and current practice trends relevant to the compensation of attorneys, trustees and other professionals involved in bankruptcy cases, including ethical restrictions on employment and new requirements under local rules or administrative orders. Discusses retainer payments in business cases under chapters 7 and 11 of the Code, compensation in consumer and family farmer cases under chapters 7, 12 and 13, and discussion of "zero down payment" retention agreements, limited scope of representation agreements and affidavits of disinterestedness. Contains substantive analysis as well as strategic and practical guidance, sample retainer agreements and United States Trustee Guidelines for reviewing applications for compensation and employment. Includes provisions revised or added pursuant to the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, Pub. L. No. 109-8 (2005).

Coverage includes:

•   Preparation for questions that may arise regarding fee claims
•   Advice for avoiding pitfalls such as conflicts of interest
•   Forms and charts for maintaining adequate records of services rendered

Cross-referenced to other Collier bankruptcy publications.

First published in 1988.