Rule 2014-1

EMPLOYMENT OF PROFESSIONAL PERSONS

     An application for the employment of a professional person pursuant to sections 327 and 328 of the Bankruptcy Code shall state the specific facts showing the reasonableness of the terms and conditions of the employment, including the terms of any retainer, hourly fee, or contingent fee arrangement.

Comment

     This rule is derived from Former Local Bankruptcy Rule 39.

     The information required by Bankruptcy Rule 2014(a) and this rule may be contained in the same application.