Getting Retained as a Professional to the Debtor-in-Possession | Practical Law

Getting Retained as a Professional to the Debtor-in-Possession | Practical Law

This Note describes the process for getting retained as a professional to a Chapter 11 debtor-in-possession including requirements for obtaining court approval, disclosing connections and the conflict of interest rules relating to disinterestedness and lack of adverse interests. This Note also includes links to summaries of the local rules for professional retention applications in certain jurisdictions, allowing attorneys to compare rules across different bankruptcy courts.

Getting Retained as a Professional to the Debtor-in-Possession

Practical Law Practice Note 0-616-6522 (Approx. 49 pages)

Getting Retained as a Professional to the Debtor-in-Possession

by Practical Law Bankruptcy & Restructuring
MaintainedUSA (National/Federal)
This Note describes the process for getting retained as a professional to a Chapter 11 debtor-in-possession including requirements for obtaining court approval, disclosing connections and the conflict of interest rules relating to disinterestedness and lack of adverse interests. This Note also includes links to summaries of the local rules for professional retention applications in certain jurisdictions, allowing attorneys to compare rules across different bankruptcy courts.