Are DIP accounts still maintained postconfirmation and prior to final decree?
Posted: Mon Jan 23, 2017 1:32 am
Debtor in Possession has to file quarterly reports postconfirmation, but
does the Debtor have to maintain the same DIP accounts after confirmation,
or can it return to using non-DIP accounts?
(Following confirmation the debtor is no longer a debtor-in-possession and
the estate ceases to exist, unless the plan provides otherwise.)
Also, does Debtor's attorney need a postconfirmation retainer agreement to
continue to work on the case through final decree?
Holly Roark
Certified Bankruptcy Specialist*
*and Sports Lawyer*
holly@roarklawoffices.com **primary email address**
www.roarklawoffices.com
*Central District of California & District of Idaho* - Consumer Bankruptcy
Attorney
1875 Century Park East, Suite 600 Los Angeles, CA 90067
T (310) 553-2600; F (310) 553-2601
*By State Bar of California Board of Legal Specialization
Debtor in Possession has to file quarterly reports postconfirmation, but does the Debtor have to maintain the same DIP accounts after confirmation, or can it return to using non-DIP accounts?(Following confirmation the debtor
is no longer a debtor-in-possession and the estate ceases to exist, unless the plan provides
otherwise.)Also, does Debtor's attorney need a postconfirmation retainer agreement to continue to work on the case through final decree?
The post was migrated from Yahoo.