ABI Releases Book On Professional
March 29, 2005, Alexandria, Va. —ABI has just released a new book
“Getting Paid: Retention and
Compensation in Bankruptcy Cases: A Guide for Non-attorney
Professionals.” The Guide details the various aspects of the professional
retention process of 11 U.S.C. §§327 and 1103 and the fee
payment procedures of 11 U.S.C. §§330 and 331. The handbook
was written by six experienced bankruptcy practitioners with the
non-attorney professional and their counsel in mind.
“Increasingly, the complexities of business
operations of debtors require more and more non-attorney professionals
to be retained by debtors-in-possession, trustees and committees. While
this has opened numerous opportunities, it also requires professionals
to strictly comply with the general retention and compensation
provisions of the Bankruptcy Code as well as the specific requirements
of a particular bankruptcy case,” said lead editor Chip Bowles of
Greenebaum Doll & McDonald PLLC.
The Guide provides
practical advice on a range of issues, from the question of who is a
professional to the drafting of an engagement agreement to the filing
and defense of interim and final fee applications. An extensive appendix
provides helpful model forms and sample orders for each step of the
complex process. Other contributing writers included Mark P. Williams of
Norman, Wood, Kendrick & Turner, Bebe Barton of Robinson, Barton,
McCarthy, Calloway & Johnson PA, Mitch Ryan of CPT Group Inc.,
Steven Schwaber of the Law Offices of Steven A. Schwaber and John W.
Ames of Greenebaum Doll & McDonald PLLC.
Paid” is a must read book for anyone who plans to work for
debtors or committees in a bankruptcy proceeding. Member price
for the 173-page book is $9, non-member price
is $16. For additional information or to order the
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ABI is the largest multi-disciplinary,
non-partisan organization dedicated to research and education on matters
related to insolvency. ABI was founded in 1982 to provide Congress
and the public with unbiased analysis of bankruptcy issues. The
ABI membership includes over 10,600 attorneys, accountants, bankers,
judges, professors, lenders, turnaround specialists and other bankruptcy
professionals providing a forum for the exchange of ideas and
information. For additional information on ABI, visit ABI World
at http://www.abiworld.org. For additional conference information, visit http://www.abiworld.org/events/newevents.html.