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Sunday, November 4, 2012

Following two public comment periods and a public meeting, the United States Trustee Program has updated its proposed guidelines for attorney compensation in larger chapter 11 cases

Per the United States Department of Justice:

NEW PROPOSED FEE GUIDELINES

Following two public comment periods and a public meeting, the United States Trustee Program (“USTP”) has updated its proposed guidelines for attorney compensation in larger chapter 11 cases (“updated proposed guidelines”). [See Important Note below.] For purposes of these guidelines, a larger chapter 11 case is defined as a chapter 11 case with $50 million or more in assets and $50 million or more in liabilities, aggregated for jointly administered cases and excluding single asset real estate cases as defined in 11 U.S.C. § 101(51B).

The USTP is accepting public comments on the updated proposed guidelines through November 23, 2012. A document containing the updated proposed guidelines, a summary of the significant revisions to the initial version of the proposed guidelines posted on November 4, 2011, and the USTP’s analysis of comments received is available below.

Comments on the updated proposed guidelines should be submitted by email to USTP.Fee.Guidelines@usdoj.gov. Alternatively, comments may be submitted by telefax to (202) 307-2397 or by mail to EOUST, 20 Massachusetts Ave., N.W., 8th Floor, Washington, D.C. 20530. To ensure proper handling of comments, please reference “Fee Guidelines” on all correspondence. Comments will be posted on this Web page pursuant to the Privacy Act Notice below.  .  .  .

[For more information, see http://www.justice.gov/ust/eo/rules_regulations/guidelines/proposed.htm]


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