Guidelines
for Reviewing Applications for Compensation & Reimbursement
of Expenses filed under 11 U.S.C. § 330
(Reprinted at 28 C.F.R. Part 58, Appendix)
Here is a list of suggested project categories for use in
most bankruptcy cases. Only one category should be used
for a given activity. Professionals should make their
best effort to be consistent in their use of categories, whether
within a particular firm or by different firms working on
the same case. It would be appropriate for all professionals
to discuss the categories in advance and agree generally on
how activities will be categorized. This list is not
exclusive. The application may contain additional categories
as the case requires. They are generally more applicable
to attorneys in chapter 7 and chapter 11, but may be used
by all professionals as appropriate.
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PLAN AND DISCLOSURE STATEMENT: Formulation, presentation
and confirmation; compliance with the plan confirmation
order, related orders and rules; disbursement and case
closing activities, except those related to the allowance
and objections to allowance of claims.
The following categories are generally more applicable to
accountants and financial advisors, but may be used by all
professionals as appropriate.
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DATA ANALYSIS: Management information systems
review, installation and analysis, construction, maintenance
and reporting of significant case financial data, lease
rejection, claims, etc.
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LITIGATION CONSULTING: Providing consulting and
expert witness services relating to various bankruptcy
matters such as insolvency, feasibility, avoiding actions,
forensic accounting, etc.
[61 Fed. Reg. 24890 (May 17, 1996); 28 CFR
Part 58, Appendix]
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