Final Order Authorizing Retention Of Counsel For Debtor-In-Possession {4B}

UNITED STATES BANKRUPTCY COURT MIDDLE DISTRICT OF LOUISIANA (Local Form 4B) IN RE: CASE NO. CHAPTER 11 FINAL ORDER AUTHORIZING RETENTION OF COUNSEL FOR DEBTOR-IN-POSSESSION Considering the application of the debtor-in-possession for authority to employ to represent the debtor-in-possession and applicable law, IT IS ORDERED that the debtor-in-possession is authorized to retain as its counsel in all matters relating to the performance of its duties as debtor-inpossession. IT IS FURTHER ORDERED that counsel shall: 1. Advise the debtor-in-possession of the requirements of the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, and the Local Rules, including without limitation Local Rules 2081-1. Advise the debtor-in-possession of its duty to file monthly reports required by applicable law, rule or regulation; and shall specifically advise the debtor of the potential consequences of non-compliance. Promptly inform the debtor that it may not pay any debt or obligation owed by the debtor on the date of the filing of the petition. Advise the debtor-in-possession of the prohibition against the sale of any of its assets outside the ordinary course of business without leave of court. Advise the debtor-in-possession of the debtor's obligation to comply with the Internal Revenue Code and Internal Revenue Service regulations, including in particular the depository receipt requirements, and applicable state and local taxation laws. Advise the debtor-in-possession of the Operating Guidelines established by the Office of the U.S. Trustee. 2. 3. 4. 5. 6. Page 1 of 2 American LegalNet, Inc. www.FormsWorkFlow.com IT IS FURTHER ORDERED that within fourteen days of the entry of this order counsel shall file the statement regarding compensation required by 11 U.S.C. §329 and Fed. R. Bankr. P. 2016(b). IT IS FURTHER ORDERED that this order does not approve specific hourly rates for the applicant(s). Counsel shall be entitled to receive reasonable compensation and reimbursement of actual, necessary expenses only after application to the court and on notice and a hearing. Baton Rouge, Louisiana, ____________, 20___. __________________________________ UNITED STATES BANKRUPTCY JUDGE I agree to the provisions of this order authorizing my employment. , Louisiana, Firm Name Address Telephone Number Counsel for the Debtor-in-Possession , 20___. Signed: (Attorney for Debtor-in-Possession) I/We have read and understand the foregoing order. , Louisiana, , 20___. Signed: (Debtor-in-Possession) Page 2 of 2 American LegalNet, Inc. www.FormsWorkFlow.com