Page 8 - Bankruptcy Volume 1

Claims Bar Date ............................................................................................................................................ 25

Disclosure Statement and Plan of Reorganization ........................................................................................ 26

Solicitation .................................................................................................................................................... 26

Confirmation ................................................................................................................................................. 26

Emergence and Distributions ........................................................................................................................ 26

Chapter 5 — Employment Process and Fee Applications .............................................................................. 27

Overview ........................................................................................................................................................... 27

Qualifications for Employment ......................................................................................................................... 27

Employment by the Trustee .......................................................................................................................... 27

Employment by an Official Committee ........................................................................................................ 27

Disinterestedness ........................................................................................................................................... 27

Necessity ....................................................................................................................................................... 28

The Employment Process ................................................................................................................................. 28

Motion for Approval of Employment ........................................................................................................... 28

The Employment Application ....................................................................................................................... 28

Declaration or Verified Statement of Proposed Accountant ......................................................................... 30

Order Approving Employment ..................................................................................................................... 30

Timing of the Application ............................................................................................................................. 30

Inadequate Disclosure ................................................................................................................................... 30

Other Retention Issues .................................................................................................................................. 30

Fee Applications ............................................................................................................................................... 32

Authority for Payment .................................................................................................................................. 32

Preparation of a Fee Application .................................................................................................................. 32

General Requirements ................................................................................................................................... 32

Local Rules ................................................................................................................................................... 34

Interim Fee Applications ............................................................................................................................... 34

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