chevron-down Created with Sketch Beta.
October 02, 2018

Bankruptcy Code Set Description

This code set is intended for use on bankruptcy matters. Tasks relating to adversarial matters, such as preference actions, must be captured using the Litigation Code Set. The Bankruptcy Code Set is derived from the code set published by the U.S. Department of Justice, Executive Office for the United States Trustee.

B100 Administration

B110 Case Administration. Coordination and compliance matters, including preparation of statement of financial affairs; schedules; list of contracts; United States Trustee interim statements and operating reports; contacts with the United States Trustee; general creditor inquiries.

B120 Asset Analysis and Recovery. Identification and review of potential assets including causes of action and non-litigation recoveries.

B130 Asset Disposition. Sales, abandonment and transaction work related to asset disposition.

B140 Relief from Stay and Adequate Protection Proceedings. Matters relating to termination or continuation of automatic stay under 11 USC 362 and motions for adequate protection under 11 USC 361.

B150 Meetings of and Communications with Creditors. Preparing for and attendance at the 341(a) meeting and other meetings with creditors and committees; disclosures to creditors.

B160 Employment and Fee Applications. Preparations of employment and fee applications for self or others; motions to establish interim procedures.

B170 Employment and Fee Application Objections. Review of and objections to the employment and fee applications of others.

B180 Avoidance Action Analysis. Review of potential avoiding actions under Sections 544-549 of the Code to determine whether adversary proceedings are warranted.

B185 Assumption and Rejection of Leases and Contracts. Analysis of leases and executory contracts and preparation of motions specifically to assume or reject.

B190 Other Contested Matters (excluding assumption/rejection motions). Analysis and preparation of all other motions, opposition to motions and reply memoranda in support of motions.

B195 Non-Working Travel. Non-working travel where the court reimburses at less than full hourly rates.

B200 Operations

B210 Business Operations. Issues related to debtor-in-possession operating in chapter 11 such as employee, vendor, tenant issues and other similar problems.

B220 Employee Benefits and Pensions. Review and preparation related to employee and retiree benefit issues, including compensation, bonuses, severance, insurance benefits, and retirement plans and programs.

B230 Financing and Cash Collateral. Matters under 361, 363 and 364 including cash collateral and secured claims; loan document analysis.

B240 Tax. Analysis of tax issues and preparation of federal and state tax returns, and advice regarding tax-related issues, including the preservation of net operating loss carryforwards.

B250 Real Estate. Review and analysis of real estate-related matters, including purchase agreements and lease provisions (e.g., common area maintenance clauses).

B260 Corporate Governance and Board Matters. Preparation for and attendance at Board of Directors meetings; analysis and advice regarding corporate governance issues, including trustee, examiner and CRO issues, and review and preparation of corporate documents (e.g., articles, bylaws).

B300 Claims and Plan

B310 Claims Administration and Objections. Specific claim inquiries; bar date motions; analyses, objections and allowances of claims.

B320 Plan and Disclosure Statement. Formulation, presentation and confirmation; compliance with the plan confirmation order, related orders and rules; disbursement and case closing activities, except those related to the allowance and objections to allowance of claims.

B400 Bankruptcy-Related Advice

B410 General Bankruptcy Advice/Opinions. Analysis, advice and/or opinions regarding potential bankruptcy related issues, where no bankruptcy case has been filed. This category might be used for general advice with respect to the impact on a client of a bankruptcy filing, as well as a decision about whether to pursue a filing.

B420 Restructurings. Analysis, consultation and drafting in connection with the restructuring of agreements, including financing agreements, where no bankruptcy case has been filed.


Contested Matters and Adversary Proceedings.

Contested matters and adversary proceedings not otherwise billed within another specific project category should be billed each under its own code; identified separately by caption and adversary number, or title of motion and docket number, with billing within each matter categorized using the UTBMS Litigation Task Code Set.

Preference Portfolio Collection

Analysis, pursuit and collection of ordinary preference claims and similar 544 or fraudulent transfer claims where workflow makes separating billing by claim or adversary proceeding impracticable.

Ordinary Course Accounts Receivable Collection

Analysis, pursuit and collection of ordinary course accounts receivables collections, when handled by a debtor’s or a trustee’s general counsel.