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Law firm needn’t disgorge bankruptcy retainer (access required)

Published: July 20, 2011

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A law firm couldn’t be ordered to disgorge its retainer for the purpose of paying the administrative expenses in its client’s bankruptcy case, the 6th Circuit Bankruptcy Appellate Panel has ruled in reversing judgment. The firm received a $10,000 retainer to represent a company that filed for Chapter 11 protection. The case was later converted to ...
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