U.S. Trustee Program Narrows Proposal for Disclosure of Law Firm Bankruptcy Fees

, New York Law Journal

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In narrowing the scope of cases to which the proposals would apply - to those with $50 million or more in assets and $50 million or more in liabilities as opposed to cases with a combined $50 million in assets and liabilities - the agency was responding to intense criticism from firms calling "burdensome" and "ethically unacceptable" the agency's new recommendations for attorneys' fee applications.

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