In complex business reorganizations, debtors and other major parties-in-interest, such as trustees, examiners and creditors committees, will typically retain a small army of professionals - attorneys, financial advisors, accountants - to assist in the case. Not surprisingly, these professionals are entitled to compensation from the bankruptcy estate.

This podcast with Fran Lawall, a partner in Pepper’s Corporate Restructuring and Bankruptcy Practice Group, discusses the importance of thoroughness regarding section 328 success fees and the Northwest Airlines case.

If you are interested in the latest in the world of bankruptcy, email [email protected] and subscribe to Pepper Hamilton’s Bankruptcy Update.