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48 U.S.C. § 2195 — Interim compensation
Federal law — U.S. Code and appendices · legal_authorities
A debtor’s attorney, or any professional person employed by the debtor (in the debtor’s sole discretion), the Oversight Board (in the Oversight Board’s sole discretion), a committee under [section 1103 of title 11](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section1103&num=0&edition=prelim), or a trustee appointed by the court under [section 926 of title 11](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section926&num=0&edition=prelim), may apply to the court not more than once every 120 days after an order for relief in a case under this subchapter, or more often if the court permits, for such compensation for services rendered before the date of such an application or reimbursement for expenses incurred before such date as is provided under [section 2176 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section2176&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 2195
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Stable record: federal_law:legal_authorities:record_usc_1ff15b69ed3bd81edf8706c0
Source file: Laws/federal/codes/united-states-code/title-48/section-2195-interim-compensation--f13be5a2d9.md
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Source location: Title 48, Chapter 20, § 2195; chapter-020-puerto-rico-oversight-management-and-economic-stability.md
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A debtor’s attorney, or any professional person employed by the debtor (in the debtor’s sole discretion), the Oversight Board (in the Oversight Board’s sole discretion), a committee under [section 1103 of title 11](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section1103&num=0&edition=prelim), or a trustee appointed by the court under [section 926 of title 11](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section926&num=0&edition=prelim), may apply to the court not more than once every 120 days after an order for relief in a case under this subchapter, or more often if the court permits, for such compensation for services rendered before the date of such an application or reimbursement for expenses incurred before such date as is provided under [section 2176 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section2176&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
The Federal Rules of Bankruptcy Procedure shall apply to a case under this subchapter and to all civil proceedings arising in or related to cases under this subchapter.
Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 2176
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** If the debtor refuses to pursue a cause of action under section 544, 545, 547, 548, 549(a), or 550 of this title, then on request of a creditor, the court may appoint a trustee to pursue such cause of action.
**(b)** A transfer of property of the debtor to or for the benefit of any holder of a bond or note, on account of such bond or note, may not be avoided under [section 547 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section547&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 11 U.S.C. § 926
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** At a scheduled meeting of a committee appointed under [section 1102 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section1102&num=0&edition=prelim), at which a majority of the members of such committee are present, and with the court’s approval, such committee may select and authorize the employment by such committee of one or more attorneys, accountants, or other agents, to represent or perform services for such committee.
**(b)** An attorney or accountant employed to represent a committee appointed under [section 1102 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section1102&num=0&edition=prelim) may not, while employed by such committee, represent any other entity having an adverse interest in connection with the case. Representation of one or more creditors of the same class as represented by the committee shall not per se constitute the representation of an adverse interest.
**(c)** A committee appointed under [section 1102 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section1102&num=0&edition=prelim) may—
(1) consult with the trustee or debtor in possession concerning the administration of the case;
(2) investigate the acts, conduct, assets, liabilities, and financial condition of the debtor, the operation of the debtor’s business and the desirability of the continuance of such business, and any other matter relevant to the case or to the formulation of a plan;
(3) participate in the formulation of a plan, advise those represented by such committee of such committee’s determinations as to any plan formulated, and collect and file with the court acceptances or rejections of a plan;
(4) request the appointment of a trustee or examiner unde
Source: Supplied U.S. Code snapshot — release unconfirmed · 11 U.S.C. § 1103
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Federal law — U.S. Code and appendices · legal_authorities
Page 378
TITLE 48—TERRITORIES AND INSULAR POSSESSIONS
§ 2195
authority for the Government of Puerto Rico
to restructure debts in a fair and orderly proc-
ess.
(5) Additionally, an immediate—but tem-
porary—stay is essential to stabilize the re-
gion for the purposes of resolving this terri-
torial crisis.
(A) The stay advances the best interests
common to all stakeholders, including but
not limited to a functioning independent
Oversight Board created pursuant to this
chapter to determine whether to appear or
intervene on behalf of the Government of
Puerto Rico in any litigation that may have
been commenced prior to the effectiveness
or upon expiration of the stay.
(B) The stay is limited in nature and nar-
rowly tailored to achieve the purposes of
this chapter, including to ensure all credi-
tors have a fair opportunity to consensually
renegotiate terms of repayment based on ac-
curate financial information that is re-
viewed by an independent authority or, at a
minimum, receive a recovery from the Gov-
ernment of Puerto Rico equal to their best
possible outcome absent the provisions of
this chapter.
(6) Finally, the ability of the Government of
Puerto Rico to obtain funds from capital mar-
kets in the future will be severely diminished
without congressional action to restore its fi-
nancial accountability and stability.
(n) Purposes
The purposes of this section are to—
(1) provide the Government of Puerto Rico
with the resources and the tools it needs to ad-
dress an immediate existing and imminent cri-
sis;
(2) allow the Government of Puerto Rico a
limited period of time during which it can
focus its resources on negotiating a voluntary
resolution with its creditors instead of defend-
ing numerous, costly creditor lawsuits;
(3) provide an ov
Source: Supplied 2024 U.S. Code historical extraction · 48 U.S.C. § 2195
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