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U.S. Trustee Program Narrows Proposal for Disclosure of Law Firm Bankruptcy Fees

In narrowing the scope of cases to which the proposals would apply - to those with $50 million or more in assets and $50 million or more in liabilities as opposed to cases with a combined $50 million in assets and liabilities - the agency was responding to intense criticism from firms calling "burdensome" and "ethically unacceptable" the agency's new recommendations for attorneys' fee applications.

November 09, 2012 at 12:00 AM

1 minute read

By Christine Simmons | Updated on November 09, 2012

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The U.S. Trusttee Program has announced that its proposals requiring extensive disclosure related to law firm fee requests would apply only to very large Chapter 11 bankruptcies.

Read the proposed guidelines.

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