Rule 2014 Federal Rules of Bankruptcy Procedure

Rule 2014 of the Federal Rules of Bankruptcy Procedure is about Employing Professionals. It is under Part II (Officers and Administration; Notices; Meetings; Examinations; Elections; Attorneys and Accountants) of the Rules.

(a) Order Approving Employment; Application for Employment.

(1) Order Approving Employment. The court may approve the employment of an attorney, accountant, appraiser, auctioneer, agent, or other professional under § 327, § 1103, or § 1114 only on the trustee’s or committee’s application.

(2) Application for Employment. The applicant must file the application and, except in a Chapter 9 case, must send a copy to the United States trustee. The application must state specific facts showing:

(A) the need for the employment;

(B) the name of the person to be employed;

(C) the reasons for the selection;

(D) the professional services to be rendered;

(E) any proposed arrangement for compensation; and

(F) to the best of the applicant’s knowledge, all the person’s connections with:

· the debtor;

· creditors;

· any other party in interest;

· their respective attorneys and accountants;

· the United States trustee; and

· any person employed in the United States trustee’s office.

(3) Verified Statement of the Person to Be Employed. The application must be accompanied by a verified statement of the person to be employed, setting forth that person’s connections with any entity listed in (2)(F).

(b) Services Rendered by a Member or Associate of a Law or Accounting Firm. If a law partnership or corporation is employed as an attorney, or an accounting partnership or corporation is employed as an accountant—or if a named attorney or accountant is employed—then any partner, member, or regular associate may act as so employed, without further court order.