Tim Anzenberger authored a piece for the American Bankruptcy Institute, "Order Striking a Charging Lien Reminds Us to Read Ethics Rules Carefully," detailing a recent decision by Judge Isicoff that reminds bankruptcy attorneys that fee agreements in bankruptcy court are governed by state rules of professional responsibility and attorneys must read those rules carefully when drafting agreements.
Tim discusses the decision in In re Miami Beverly LLC, where a creditor of a chapter 11 debtor had been litigating in state court with the debtor before the petition date. After the petition was filed, the creditor’s law firm filed a proof of claim on the creditor’s behalf, as well as a charging lien.