You Really Need Professional Help; Retaining Professionals in Bankruptcy

It is inevitable. You have been trying to restructure your client’s debt for the past few months, but it is starting to look like the client will need to file a Chapter 11 proceeding. You need to make sure that you follow all the rules to be retained and paid in a bankruptcy proceeding.

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Related Content

• Fee Applications
  Review this practice note for a discussion of fee applications and court approval of interim and final fee applications.
• Fiduciary Duties and Statutory Obligations of Professionals to the Debtor-in-PossessionUse this practice note to understand the fiduciary duties and statutory obligations of professionals to the debtor-in-possession in a Chapter 11 bankruptcy proceeding.
• Retaining and Compensating Creditors’ Committees’ Professionals
  See this practice note for information on retaining creditors’ committees’ counsel and other professionals.

Practical Guidance Updates
Featuring the latest updates in Practical Guidance.

• Subchapter V Confirmation Requirements
• Closing and Reopening a Chapter 11 Case
• The Practical Guidance Journal Spring 2021 Edition
  Case alert: Chapter 11 exit financing ruling—Section 364 does not apply.
• Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts. 

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