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Service to the Estate & Ethics Proposal Number 1:
Disinterestedness

Professionals retained by a debtor in possession in a chapter 11 case should not have to meet the disinterestedness requirement of 11 U.S.C. §327(a). The deletion does not change the requirement that such professionals (I) not have any interest materially adverse to the estate or (ii) disclose all potential conflicts to the court.

Date of Adoption: October 19, 1996

 

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