Bankruptcy Retention Ethics: Recent Developments
1 hour 30 minutes
Gain an understanding of how the bankruptcy rules relating to disinterestedness and disclosure have evolved in light of recent developments.
Many attorneys recognize a dynamic tension among the conflict rules which govern attorney conduct and the fundamental ability to earn a living by accepting new clients and new business. To complicate matters further, the standards applied to resolving conflicts of interest, as well as adequately disclosing such conflicts, are constantly evolving. This topic will guide professionals through recent ethical developments that should be considered when applying for retention.
• You will be able to define a “disinterested person” under the Bankruptcy Code and identify how different conflicts of interest can arise depending on who you represent in a bankruptcy case.
• You will be able to discuss the factors that bankruptcy courts consider when reviewing an attorney’s fee application.
• You will be able to explain why all connections that may give rise to a relevant or material conflict of interest must be disclosed.
• You will be able to explain how the bankruptcy rules relating to disinterestedness and disclosure have evolved in light of recent developments.