Tennessee DISCLOSURE of COMPENSATION UNDER 11 U.S.C. Sec. 329 AND FED. R. BANKR. P. 2016(B)

• Category: Tennessee Bankruptcy - Official - Western District
• State: Tennessee
• Control #: TN-SKU-0043
• Format: PDF

Description

DISCLOSURE OF COMPENSATION UNDER 11 U.S.C. Sec. 329 AND FED. R. BANKR. P. 2016(B) Tennessee DISCLOSURE of COMPENSATION UNDER 11 U.S.C. Sec. 329 AND FED. R. BANK. P. 2016(B) is a set of regulations that provide guidance and requirements for the disclosure of compensation related to bankruptcy cases in the state of Tennessee. This disclosure includes the fees and other compensation that a professional, such as an attorney or accountant, may receive for services rendered in connection with a bankruptcy case. The disclosure must be made in accordance with 11 U.S.C. Sec. 329 and Federal Rule Bankruptcy Procedure 2016(b). There are three types of Tennessee DISCLOSURE of COMPENSATION UNDER 11 U.S.C. Sec. 329 AND FED. R. BANK. P. 2016(B): initial disclosure, supplemental disclosure, and final disclosure. Initial disclosure must be made at the commencement of a professional's engagement in the bankruptcy case. This disclosure must contain all fees and other compensation that the professional expects to receive in connection with the case. Supplemental disclosure must be made whenever there is a change in the fees or other compensation that the professional expects to receive in connection with the case. Final disclosure must be made at the conclusion of the professional's engagement in the bankruptcy case. This disclosure must contain an itemized statement of all fees and other compensation received by the professional in connection with the case.

Tennessee DISCLOSURE of COMPENSATION UNDER 11 U.S.C. Sec. 329 AND FED. R. BANK. P. 2016(B) is a set of regulations that provide guidance and requirements for the disclosure of compensation related to bankruptcy cases in the state of Tennessee. This disclosure includes the fees and other compensation that a professional, such as an attorney or accountant, may receive for services rendered in connection with a bankruptcy case. The disclosure must be made in accordance with 11 U.S.C. Sec. 329 and Federal Rule Bankruptcy Procedure 2016(b). There are three types of Tennessee DISCLOSURE of COMPENSATION UNDER 11 U.S.C. Sec. 329 AND FED. R. BANK. P. 2016(B): initial disclosure, supplemental disclosure, and final disclosure. Initial disclosure must be made at the commencement of a professional's engagement in the bankruptcy case. This disclosure must contain all fees and other compensation that the professional expects to receive in connection with the case. Supplemental disclosure must be made whenever there is a change in the fees or other compensation that the professional expects to receive in connection with the case. Final disclosure must be made at the conclusion of the professional's engagement in the bankruptcy case. This disclosure must contain an itemized statement of all fees and other compensation received by the professional in connection with the case.