ABI Live: Ethics - Chapter 11 Commission Recommendations on Professional Fees and Expenses
Presented by the Ethics & Professional Compensation and Business Reorganization Committees
12:00-1:15 pm ET
William A. Brandt, Jr.
Development Specialists, Inc.; New York
James T. Markus
Markus Williams Young & Zimmermann, LLC
Walter W. Theus, Jr.
Executive Office for U.S. Trustees
Deborah D. Williamson
Dykema Cox Smith; San Antonio
Any reform of current chapter 11 practice must account for the prevailing criticism that fees and costs are too high, and do it in a way that focuses on aligning incentives with case efficiency. This panel will discuss recommended reforms that provide for more effective oversight, as well as alternative fee structures consistent with professionals’ ethical obligations under the Code of Professional Responsibility.