The Illinois Order allowing Chapter 13 Compensation Under Court-Approved Retention Agreement (Cases Filed On Or after 4-20-15) is a type of court order issued by the State of Illinois that permits Chapter 13 bankruptcy filers to receive compensation for their services from the court-approved retention agreement. This order allows these bankruptcy filers to be compensated for their work in the bankruptcy proceedings, and it applies to all cases filed on or after April 20, 2015. This order sets out the terms and conditions under which the court-approved retention agreement will operate, including the fees to be paid, the amount of time the bankruptcy filer must wait before receiving compensation, and any other applicable provisions. Additionally, the order outlines the procedures and requirements for filing a claim for compensation under the agreement. There are two types of Illinois Order allowing Chapter 13 Compensation Under Court-Approved Retention Agreement (Cases Filed On Or after 4-20-15). The first is a “Notice of Right to Claim Compensation” which provides bankruptcy filers with detailed information about their rights to compensation under the agreement, including the amount of time they must wait before receiving payment, the fees to be paid, and any other applicable provisions. The second type is a “Claim for Compensation” which allows the bankruptcy filer to formally request compensation under the agreement. Both types of order must be filed in the bankruptcy court to be approved.
Illinois Order allowing Chapter 13 Compensation Under Court-APProved Retention agreement (Cases Filed On Or after 4-20-15)
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