Special Counsel in Bankruptcy

02/12/2015

What is a Section 327 Appointment?

Sec.327 Special Counsel in Bankruptcy

According to Section 327(a) of the Bankruptcy Code, a Section 327 appointment involves an attorney appointed by a bankruptcy trustee to assist in a Chapter 7, 11 and 13 bankruptcy proceeding.  Special counsel appointed in this capacity must first sign a sworn affidavit that they do not represent any materially adverse interest to the estate and is not an interested party.  Special Counsel in a Section 327 appointment is also prohibited from assisting the trustee in carrying out the trustee’s duties... Read More