What validates the prepetition attorney fee agreement in chapter 11,
Posted: Fri Sep 27, 2013 3:56 pm
The fee agreement with a chapter 11 debtor provides for 12% per annum. Is
this an agreement that should be reaffirmed or is it validated by some
other means.
Can the plan provide for 12% interest on attorneys fees?
Does it matter if the fee agreement was or was not attached to the
employment application?
Administrative costs have to be paid according to contract, but unless the
DIP reaffirms it, there is no contract.
Alik Segal
Alik.Segal@gmail.com
310-362-6157
California Central District
The fee agreement with a chapter 11 debtor provides for 12% per annum. Is this an agreement that should be reaffirmed or is it validated by some other means.Can the plan provide for 12% interest on attorneys fees?
Does it matter if the fee agreement was or was not attached to the employment application?Administrative costs have to be paid according to contract, but unless the DIP reaffirms it, there is no contract.
-- Alik SegalAlik.Segal@gmail.com310-362-6157California Central District
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