New Ch. 11 Fee Standards May Be Big Burden For Little Return

Law360, New York (November 5, 2012, 7:11 PM EST) -- Revised Chapter 11 fee guidelines hit the bankruptcy community Friday, aimed at reining in fees firms request for work done in larger bankruptcies and increasing transparency in the billing process, but experts said that while the changes were well-intentioned, in practice they'd likely be burdensome and ineffective.

The U.S. Department of Justice's U.S. Trustee Program — through which trustees are charged with overseeing debtors' efficient operation in bankruptcy — issued the proposed guidelines, which would raise the dollar threshold for companies covered by the standards to...
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