Local Rule LOCAL RULE 2014-1: EMPLOYMENT OF PROFESSIONALS
Bankr. M.D.N.C. — General rule
LOCAL RULE 2014-1 EMPLOYMENT OF PROFESSIONALS
(a) Proposed Arrangement for Compensation of Professional in a Chapter 11 Case.
An application to employ a professional in a chapter 11 case must disclose the proposed arrangement for compensation of the professional and be signed by the debtor, committee, or trustee (if any). If there is a retainer, the application must disclose all prepetition fees and expenses drawn down against the retainer. Any written retainer agreement must be attached to the application.
(b) Service of Application to Employ Professional in a Chapter 11 Case.
An application to employ a professional in a chapter 11 case must be served on the bankruptcy administrator, the debtor, the attorney for the debtor, all secured creditors, members of any creditors' committee, attorneys for any creditors' committee, and the trustee (if any). If there is no committee, the movant must serve the application on the 20 largest unsecured creditors in the case.
(c) Employment and Compensation of Professionals by Chapter 13 Debtors.
(1) Notice of Employment. A debtor in a chapter 13 case is not required to file an application to employ a professional. However, the debtor must promptly provide written notice of the professional's employment to the chapter 13 trustee and the bankruptcy administrator.
(2) Obligations Regarding Disclosure and Approval of Compensation. Nothing in subsection (c)(1) alters or limits a professional's obligations to disclose or seek approval of compensation, including, without limitation, the requirements set forth in 11 U.S.C. § 329, Rule 2016 of the Federal Rules of Bankruptcy Procedure, and any order, including any standing order of the court, as applicable.