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Get the free Application of Debtors Pursuant to 11 U.S.C. §§ 327(a) and 328(a) for Authority to E...

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This document is an application filed by the Debtors in a Chapter 11 bankruptcy case seeking court approval to employ Lazard Frères & Co. LLC as their investment banker, effective as of the petition
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How to fill out Application of Debtors Pursuant to 11 U.S.C. §§ 327(a) and 328(a) for Authority to Employ Lazard Frères & Co. LLC as Investment Banker

01
Begin by collecting necessary financial records and details about your case.
02
Identify the specific services you require from Lazard Frères & Co. LLC as your investment banker.
03
Complete the top section of the application, including the case name and number.
04
In section 1, describe the necessity of hiring Lazard Frères & Co. LLC.
05
In section 2, outline the terms of employment you propose for Lazard Frères & Co. LLC, including compensation.
06
Ensure compliance with the disclosure requirements and list any connections or disclosures as prescribed by the court.
07
Review the application carefully for completeness and accuracy.
08
Sign and date the application.
09
File the application with the bankruptcy court and serve it to relevant parties as required.

Who needs Application of Debtors Pursuant to 11 U.S.C. §§ 327(a) and 328(a) for Authority to Employ Lazard Frères & Co. LLC as Investment Banker?

01
Businesses or individuals filing for bankruptcy under Chapter 11 who require expert financial advice and investment banking services.
02
Debtors looking to restructure their debts and maximize the value of their assets during the bankruptcy process.
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The Application of Debtors Pursuant to 11 U.S.C. §§ 327(a) and 328(a) is a legal document filed in bankruptcy court seeking approval to employ Lazard Frères & Co. LLC as an investment banker. It demonstrates that the services of Lazard Frères & Co. LLC are necessary for the financial restructuring and strategic advice during the bankruptcy process.
The debtors, or the entities that have filed for bankruptcy protection, are required to file this application. This includes individuals or corporate entities that are in need of professional assistance to navigate their bankruptcy proceedings.
To fill out the application, debtors must provide detailed information including the nature of the services to be rendered by Lazard Frères & Co. LLC, the terms of compensation, and a declaration of any connections or conflicts of interest. Legal counsel is typically involved to ensure compliance with bankruptcy laws.
The purpose of the application is to obtain court approval for hiring Lazard Frères & Co. LLC, ensuring that the debtors have access to necessary financial and strategic expertise during their bankruptcy to maximize asset recovery and facilitate a successful restructuring.
The application must report the scope of services to be provided, compensation agreements, disclosure of any potential conflicts of interest, and any relevant background information about Lazard Frères & Co. LLC that establishes their qualifications and independence.
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