Get the free Disclosure of Compensation of Attorney for Debtor

This document discloses the compensation agreed upon between the attorney and the debtor in connection with a Chapter 11 bankruptcy filing.

How to fill out disclosure of compensation of

How to fill out Disclosure of Compensation of Attorney for Debtor

1. Begin with the debtor's name and case number at the top of the form.
2. Provide the name and contact information of the attorney.
3. Clearly state the total amount of compensation being received by the attorney.
4. List the source of the funds (e.g., payments from the debtor, third-party payments).
5. Provide a detailed breakdown of the services rendered and corresponding fees.
6. Include any retainer fees and describe how they will be applied.
7. Ensure that all information is accurate and current.
8. Sign and date the form to certify the information provided.

Who needs Disclosure of Compensation of Attorney for Debtor?

1. Debtors filing for bankruptcy who have hired an attorney.
2. Attorneys representing debtors in bankruptcy proceedings.
3. Bankruptcy courts requiring transparency in attorney compensation.
4. Creditors involved in the bankruptcy process to understand the debtor’s legal costs.

People Also Ask about

When a consumer is represented by an attorney a debt collector?

Application for Compensation means written form for a request from Consultant, to be paid for completed Work.

How long before debt collectors give up?

Ohio's statute of limitations is six years no matter the type of debt. And the six years is counted from the date a debt became overdue or when you last made a payment, whichever was more recent. If the timeframe is more than six years, a creditor cannot sue to collect the debt.

Is an attorney required to disclose compensation received from a debtor is there a deadline for doing so?

Every attorney for a debtor, whether or not the attorney applies for compensation, shall file and transmit to the United States trustee within 14 days after the order for relief, or at another time as the court may direct, the statement required by §329 of the Code including whether the attorney has shared or agreed to

How long can a debt collector legally pursue old debt in Ohio?

If an attorney is representing you, tell the collector. The collector must communicate with your attorney, not you, unless the attorney doesn't respond to the collector's communications within a reasonable time.

For pdfFiller’s FAQs

What is Disclosure of Compensation of Attorney for Debtor?

The Disclosure of Compensation of Attorney for Debtor is a document that attorneys must file in bankruptcy cases to disclose the amount and terms of payment for legal services provided to the debtor.

Who is required to file Disclosure of Compensation of Attorney for Debtor?

The attorney representing a debtor in a bankruptcy case is required to file the Disclosure of Compensation of Attorney for Debtor.

How to fill out Disclosure of Compensation of Attorney for Debtor?

To fill out the Disclosure, attorneys should provide details including the total compensation expected for legal services, payment terms, and any additional disclosures related to the payment structure.

What is the purpose of Disclosure of Compensation of Attorney for Debtor?

The purpose of the Disclosure is to ensure transparency regarding the compensation of the attorney, prevent fraud, and provide the bankruptcy court with information to assess any potential conflicts of interest.

What information must be reported on Disclosure of Compensation of Attorney for Debtor?

The Disclosure must report the total amount of compensation agreed upon, the source of payment, any retainer amounts, and any other payments made or to be made for legal services rendered.