Local Rule L.R. 2016-2: Payment of Professional Fees in Chapter 11 Cases.

L.R. 2016-2 - Payment of Professional Fees in Chapter 11 Cases. A. General Requirements in Chapter 11 Cases. The requirements of L.R. 2016-1 apply in Chapter 11 cases.

B. Monthly Bills (Fee Statements) in Chapter 11 Cases. In Chapter 11 cases, the debtor is authorized to pay 80% of a professional's fees and 100% of the professional's expenses on a monthly basis in accordance with this Rule. To receive compensation on a monthly basis prior to allowance on an interim application, the professional must prepare a bill or fee statement in compliance with the Court's "Guidelines for Compensation" in the Procedures Manual and must submit the statement to the L.R. 9013-3(D) Master Service List or to those who would be on such a list. Any objections to the statement must be submitted to the applicant. If any objections are unresolved after the parties confer, the objecting party must file the objection with the Court and attach a copy of the fee statement to the objection. The Court will determine whether to set the matter for hearing. All monthly payments of fees and expenses are subject to approval, modification or disgorgement on interim application which may not be filed sooner than every 120 days nor less frequently than every 180 days. In any case that has been pending more than 180 days, a professional may not, in the Court's discretion, be permitted to receive payment on a monthly bill or fee statement unless such professional has filed one or more interim fee applications covering all services provided more than 180 days before the date of such monthly bill or fee statement.

C. Interim Applications in Chapter 11 Cases. In Chapter 11 cases, unless otherwise ordered, any professional employed under Bankruptcy Code §§ 327 or 1103 may be paid 80% of the professional's fees and 100% of the professional's expenses approved on an interim application or applications that may be filed not sooner than every 120 days nor less frequently than every 180 days. Hearings on interim applications must be scheduled by the applicant on no less than 30 days notice following the procedures of L.R. 2016-1(D).