The DOJ's New Fee Application Guidelines

In response to perceived excesses in the bankruptcy compensation process, the United States Trustee Program recently introduced new fee application guidelines for qualifying engagements.

17 minute read July 26, 2013 at 09:14 AM

Timothy Walsh And Gregory Kopacz

The DOJ's New Fee Application Guidelines

Compensation for attorneys specializing in navigating failed enterprises through the bankruptcy maze has skyrocketed in recent years. Not only have rates of some premier bankruptcy attorneys soared to over $1,000 per hour, but large cases often produce fees in amounts that resemble long distance telephone numbers.

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