tag:blogger.com,1999:blog-29130423.post8981232499741178382..comments2024-01-12T14:29:55.552-06:00Comments on A Texas Bankruptcy Lawyer's Blog: 10th Circuit Affirms Denial of Employment of Attorneys Who Were Too ExpensiveSteve Satherhttp://www.blogger.com/profile/03568954281320035875noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-29130423.post-26969920662724375062009-05-08T03:31:00.000-05:002009-05-08T03:31:00.000-05:00Hello Steve,
Thanks for your great "10th Circuit ...Hello Steve,<br /><br />Thanks for your great "10th Circuit Affirms Denial of Employment of Attorneys Who Were Too Expensive" BLOG.<br /><br />Bankruptcy services are very helpful to manage defend foreclosure and review debt remediation. ForFloridaBankruptcy.com providing important financial assistance to people who dealing with bankruptcy, real estate, sales or mergers. Also offer Bankruptcy Law Firms in Florida.<br /><br />Best Regards<br />Michael RainesBankruptcy Law Firmshttp://www.forfloridabankruptcy.comnoreply@blogger.comtag:blogger.com,1999:blog-29130423.post-12244561096737174412009-04-10T08:41:00.000-05:002009-04-10T08:41:00.000-05:00Price does not equate with value. The Court could...Price does not equate with value. The Court could not have reasonably found that Bell Boyd's fees were unreasonable until he looked at them against the results achieved. He could have allowed them to have been hired and warned them that he would evaluate their fees with strict scrutiny. But what he did was to deny the committee of counsel of its choice. This went too far, in my humble opinion.<BR/><BR/>David LeibowitzDavid Leibowitzhttp://www.lakelaw.comnoreply@blogger.comtag:blogger.com,1999:blog-29130423.post-91987755023980301762009-04-09T14:26:00.000-05:002009-04-09T14:26:00.000-05:00But here, the Court didn't just limit fees. It d...But here, the Court didn't just limit fees. It denied employment. Therefore, the Commitee could hire the Chicago lawyers, but could not get them paid out of the estate.Steve Satherhttps://www.blogger.com/profile/03568954281320035875noreply@blogger.comtag:blogger.com,1999:blog-29130423.post-46606622009113595462009-04-08T16:17:00.000-05:002009-04-08T16:17:00.000-05:00The committee, is of course, free to hire whoever ...The committee, is of course, free to hire whoever they want. They just don't get to bill the estate for the privilege. They could always hire the national firm at the local rate and agree that the committee members will come out of pocket for the difference.<BR/><BR/>The issue is that the compensation provisions of the Code require that compensation of professionals be reasonable. Assuming that there is competent local counsel who will bill at half the rate, is it reasonable to allow a committee to hire more expensive attorneys at the expense of the estate.baumer@swbell.netnoreply@blogger.com