This article was sourced from JD Supra Business Advisor. Article by Robert Kaelin and Murtha Cullina. In chapter 11 bankruptcy cases, it is not uncommon for secured parties/lenders to provide a “carve-out” for various professional fees. Frequently there may be a “carve-out” for “all chapter 11 professionals” or the “carve-out” may be broken out in different […]
