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Bankruptcy

Jun. 12, 2013

U.S. Trustee Program sets guidelines for attorney fees in certain bankruptcies

The Department of Justice announced some long-anticipated guidelines on attorney compensation in large bankruptcy cases Tuesday.

By Joshua Sebold
Daily Journal Staff Writer

The Department of Justice announced some long-anticipated guidelines on attorney compensation in large bankruptcy cases Tuesday, intended to control the rate of cost inflation in certain Chapter 11 proceedings.

The U.S. Trustee Program, which is tasked with reviewing attorney compensation applications in the bankruptcy system, developed the updated guidelines, which they will apply to all cases with at least $50 million in a...

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