US Trustee's New Ch. 11 Fee Rules Rankle Attys

Law360, New York (January 24, 2012, 7:40 PM EST) -- In the wake of the first proposed changes to bankruptcy billing guidelines in 15 years, some attorneys are already complaining that they may be facing an administrative nightmare and might be forced to disclose too much information under the new rules.

The Chapter 11 fee application review guidelines were proposed in November by the U.S. Trustee Program, which oversees bankruptcy cases, and the public comment period remains open till Jan. 31. They lay out six main areas of focus, including the submission of data electronically and...
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