Local Rule LBR 2016-1: Disclosure of Compensation Paid or Promised to Attorney or Bankruptcy Petition Preparer

LBR 2016-1: Disclosure of Compensation Paid or Promised to Attorney or Bankruptcy Petition Preparer

(a) General Rule. Within 14 days after the order for relief, every debtor's attorney or bankruptcy petition preparer must file a statement disclosing any fee paid or agreed to be paid during the 12 months preceding the order for relief, the source of any such fee paid or promised, and a description of the services included or excluded from that fee. If the debtor is represented by an attorney, the statement must disclose any fee-sharing agreement.

(b) Chapter 7. In Chapter 7 cases only, the statement must be filed as a separate docket entry from the petition and schedules.

(c) Supplemental Statement. In all cases, a supplemental statement must be filed within 14 days of any payment or agreement not previously disclosed.

(d) Chapters 12 and 13. In Chapter 12 and 13 only, no more than 21 days after filing of a Chapter 12 or 13 petition a professional person seeking compensation as an administrative expense must file a copy of the executed fee agreement and serve the trustee and the United States Trustee. The fee agreement must plainly indicate the basis for calculating the fee and the services included in the fee. The agreement must also specifically describe all matters that may require additional compensation and the method by which this additional compensation will be computed.