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Government criticizes bankruptcy lawyers’ rising fees

DOJ’s Trustee’s office will release new billing disclosure rules at the end of the month

Big changes are coming to bankruptcy lawyers’ billing practices.

In June, members of the Department of Justice’s (DOJ) U.S. Trustee Program met to discuss proposed guidelines that would increase government oversight of Chapter 11 filings. The group proposed guidelines that would require law firms working on bankruptcy cases to disclose their billing rate and fee applications, stop rounding up billable hours and work within budgets.

Ashley Post

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