Adviser-Consultants Held Not 'Other Professionals' for Purposes of Section 327(a) of the Bankruptcy Code

Barry Klayman, a member of Cozen O’Connor’s Commercial Litigation and Bankruptcy, Insolvency & Restructuring Practices, and Mark Felger, co-chair of the Bankruptcy, Insolvency & Restructuring Practice, co-authored an article in the Delaware Business Court Insider discussing a pair of decisions from the Delaware Bankruptcy Court that address whether persons providing services to debtors relating to the disposition and monetization of real estate, intellectual property, and other estate assets are “professionals” and must  be retained under the strictures of Section 327(a) of the Bankruptcy Code.

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Mark E. Felger

Co-Chair, Bankruptcy, Insolvency & Restructuring

(302) 295-2087

Barry M. Klayman

Of Counsel

(302) 295-2035

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