Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[Philter1972]

Does it mean that these filings today expose someone trying to defraud the court and estate? or just not wanting to disclose someone like Amazon?


Section 327 of the Bankruptcy Code provides that the debtor in possession may employ, with court approval, professionals who are disinterested and who do not hold or represent interests adverse to the estate. 11 U.S.C. § 327. Bankruptcy Rule 2014 imposes a duty of disclosure so that courts and parties can determine whether the prospective professional satisfies section 327’s ethical requirements.