Rule 2016-2 : Interim Compensation Procedures in Chapter 11 Cases


(a) Motions for Interim Compensation Procedures: A motion seeking approval of interim compensation procedures in a chapter 11 case must include the following:

(1) a statement of the cause necessitating interim compensation procedures;

(2) verification that the debtor’s cash flow allows it to pay its professionals and other potential administrative priority claimants on a monthly or other specified interim basis;

(3) a projection of monthly fees and expenses by the professional(s) seeking interim compensation; and

(4) any additional information necessary and appropriate to support the allowance of interim compensation.

(b) Interim Compensation Procedures: The court may approve interim compensation procedures in appropriate cases and utilize the established guidelines for professionals seeking approval of interim compensation or other procedures directed by the court. The guidelines are located at L.B.R. 2016-2App.

Commentary

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