Order Authorizing Retention Of Counsel For Debtor In Possession
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Order Authorizing Retention Of Counsel For Debtor In Possession Form. This is a Louisiana form and can be use in Bankruptcy Court Federal.
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Tags: Order Authorizing Retention Of Counsel For Debtor In Possession, 4, Louisiana Federal, Bankruptcy Court
UNITED STATES BANKRUPTCY COURT
MIDDLE DISTRICT OF LOUISIANA
(Local Form 4)
IN RE
CASE NO.
ORDER AUTHORIZING RETENTION
OF ATTORNEY(S) FOR DEBTOR-IN-POSSESSION
Considering the application of the debtor-in-possession for the authority to employ
to represent the debtor-in-possession, the affidavit of the
attorney(s) and applicable law,
IT IS ORDERED that the debtor-in-possession is authorized to retain
attorney(s) in all matters relating to the performance of its duties as debtor-in-possession.
as its
IT IS FURTHER ORDERED that the attorney(s) shall fulfill the following special duties
and responsibilities:
1.
They shall advise the debtor-in-possession of the requirements of the Bankruptcy Code, the
Federal Rules of Bankruptcy Procedure, and the Local Rules, including without limitation
Local Rules 2081-1.
2.
They shall advise the debtor-in-possession of its duty to file monthly reports required by
applicable law, rule or regulation; and shall specifically advise the debtor of the potential
consequences of non-compliance.
3.
They shall promptly inform the debtor that it may not pay any debt or obligation owed by
the debtor on the date of the filing of the petition.
4.
They shall advise the debtor-in-possession of the prohibition against the sale of any of its
assets outside the ordinary course of business without leave of court.
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5.
They shall advise the debtor-in-possession of the debtor's obligation to comply with the
Internal Revenue Code and Internal Revenue Service regulations, including in particular the
depository receipt requirements, and applicable state and local taxation laws.
6.
They shall advise the debtor-in-possession of the Operating Guidelines established by the
Office of the U.S. Trustee.
Baton Rouge, Louisiana,____________, 20
.
____________________________________
UNITED STATES BANKRUPTCY JUDGE
I agree to the provisions of this order authorizing my employment.
, Louisiana, ____________, 20
.
Firm Name
Address
Telephone Number
Attorneys for the
Debtor-in-Possession
Signed:
(Attorney for Debtor-in-Possession)
I/We have read and understand the foregoing order.
, Louisiana,____________, 20
.
Signed:
(Debtor-in-Possession)
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