The EDKY has a new chapter 13 plan form applicable to cases filed on or after Dec. 1, 2021. Read on for changes affecting secured claims and the no-look fee.
Are you adequately and accurately disclosing to your clients and to the court what your fee agreement is for representing debtors in chapter 13 cases in the EDKY? Many attorneys, I fear, are not.
You agree to the $3,500 “no-look” fee. Sometime before confirmation, you and your client part ways, and you do an agreed order of substitution with the debtor’s new attorney. Who is supposed to be paid, and how much?