BGD Attorney Discusses Disinterestedness and Disclosure with NABTalk
Bingham Greenebaum Doll LLP partner Claude R. Chip Bowles Jr. discussed the twin issues of disinterestedness and disclosure related to the retention of professionals for large cases in the recent issue of NABTalk.
His featured article explains that it is becoming more complex for panel trustees to retain processionals and thus, imperative that they be aware of disclosure obligations so that they can properly earn their own fees.
Bowles also explains that trustees and proposed estate professionals must carefully comply with employment requirements of 11 U.S.C. § 327 due to severe penalties for noncompliance. There are few exceptions to the strict standards and courts and the Office of the U.S. Trustee are increasingly vigilant in making sure disclosures are fully made.
NABTalk, Journal of the National Association of Bankruptcy Trustees, is the official publication of NABT. It is published quarterly and mailed to NABT members, U.S. Trustees, Assistant U.S. Trustees, bankruptcy judges, bankruptcy law professors and members of Congress. NABTalk is also available online to members.
For additional information and to read “Disinterestedness and Disclosure: How to Hire Professionals Under 11 U.S.C. § 327”in its entirety, please visit the NABT website.