Extract to table

The scope of required disclosure under Rule 2014 is broad and extends to connections that may not rise to the level of a disqualifying conflict but that the Court must evaluate in determining whether to approve the retention

This memorandum sets forth the legal standards applicable to the retention of debtor's counsel, the methodology employed in conducting the conflicts analysis, the results of the search conducted against all known parties in interest, the analysis of each identified connection, and the undersigned's recommendations regarding the Firm's eligibility for retention and the disclosures that must be made in connection with the Rule 2014 Verified Statement and the Section 327(a) retention application

None of these connections gives rise to a disqualifying conflict, but each must be disclosed in the Verified Statement to be filed with the Bankruptcy Court

The retention of debtor's counsel under Section 327(a) thus imposes two independent requirements: (1) the proposed counsel must not "hold or represent an interest adverse to the estate," and (2) the proposed counsel must be a "disinterested person

" Both requirements must be satisfied for the retention to be approved

The application for retention must be submitted to the Court and is subject to review by the United States Trustee and any party in interest who may object