Charles M. Tatelbaum(L) and Corey Cohen(R) of Trip Scott. Courtesy photos Bankruptcy Trustee's Attorney Fees Under Attack—When Hourly Rate Agreements Become Contingent
The decision, in essence, takes an hourly fee arrangement between the trustee and the trustee's attorneys and adds a results-based contingency to the approval of any fee payment authorization by the bankruptcy court.
September 22, 2022 at 09:02 AM
4 minute read
A recent decision from the U.S. Court of Appeals for the Sixth Circuit may be creating a tsunami of concern to those attorneys and law firms that regularly represent bankruptcy trustees. The decision, in essence, takes an hourly fee arrangement between the trustee and the trustee's attorneys and adds a results-based contingency to the approval of any fee payment authorization by the bankruptcy court.
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