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2020-08-04_GENERAL DOCUMENTS - C2010088 (4)
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2020-08-04_GENERAL DOCUMENTS - C2010088 (4)
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Last modified
1/8/2025 6:53:09 AM
Creation date
8/5/2020 12:02:37 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
C2010088
IBM Index Class Name
General Documents
Doc Date
8/4/2020
Doc Name
Bankruptcy - Assignment of Consultant
From
District Court of Ohio
To
DRMS
Email Name
CCW
JDM
JRS
Media Type
D
Archive
No
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Case 1:20-bk-12043 Doc 122 Filed 07/29/20 Entered 07/29/20 15:35:30 Desc Main <br /> Document Page 6 of 8 <br /> Per Hour(USD) <br /> Senior Managing Directors $920—$1,295 <br /> Managing Directors/ Senior Directors/Directors $690—$905 <br /> Senior Consultants/Consultants $370—$660 <br /> Administrative/Paraprofessionals $150—$280 <br /> 20. The hourly rates charged by FTI are consistent with the rates charged in other <br /> bankruptcy and non-bankruptcy matters of this type and are subject to periodic adjustments to <br /> reflect economic and other conditions. FTI's hourly rates are set at a level designed to fairly <br /> compensate FTI for its work and to cover fixed and routine overhead expenses. Hourly rates vary <br /> with the experience and seniority of the individuals assigned and may be adjusted by FTI from <br /> time to time. It is FTI's policy to charge its clients in all areas of practice for all other expenses <br /> incurred in connection with a client's case. The expenses charged to clients include, among other <br /> things, photocopying, witness fees, travel expenses, filing and recording fees, postage, express <br /> mail and messenger charges, computerized legal research charges and other computer services, <br /> and expenses for "working meals." FTI will charge the Debtors for these expenses in a manner <br /> and at a rate consistent with charges made generally to its other clients. FTI believes that it is <br /> equitable to charge these expenses to the particular client rather than increasing the hourly rates <br /> and spreading the expenses among other clients. <br /> 21. The Debtors submit that such rates are reasonable and should be approved by this <br /> Court subject to a determination of the amounts to be paid to FTI upon application for allowance. <br /> It is further contemplated that FTI may seek interim compensation and reimbursement of expenses <br /> during these chapter l 1 cases as permitted by section 331 of the Bankruptcy Code,the Bankruptcy <br /> Rules,the Local Rules and any applicable administrative orders that may be entered by this Court. <br /> 6 <br />
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