Page 38 - Bankruptcy Volume 1
P. 38

reorganization, a percentage of the proceeds received in asset sales, a percentage of the recoveries re-
               ceived by unsecured creditors, a flat dollar amount payable upon confirmation of a plan of reorganiza-
               tion, or some other combination. Court approval of payment of the success fee must be obtained before
               payment can be made. Unless the order approving the engagement of the financial adviser provided for
               Bankruptcy Code Section 328(a) approval of the retention, the success fee will be judged by the reason-
               ableness standard.












































































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