EMPLOYMENT OF PROFESSIONAL PERSONS

            An application for the employment of a professional person pursuant to sections 327 and 328 of the Bankruptcy Code must 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.