Are DIP accounts still maintained postconfirmation and
Posted: Mon Jan 23, 2017 8:06 am
The DIP accounts can go. Unless it is in your prior scope of engagement, I
recommend that there be a new retainer agreement. There is no absolute
requirement for it though.
Sincerely,
*Michael Avanesian *
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On Mon, Jan 23, 2017 at 1:32 AM, Holly Roark hollyroark22@gmail.com
[cdcbaa] wrote:
>
>
> 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
>
>
>
>
The DIP accounts can go. Unless it is in your prior scope of engagement, I recommend that there be a new retainer agreement. There is no absolute requirement for it though.
The post was migrated from Yahoo.