UTBMS codes / Bankruptcy
UTBMS Bankruptcy Task Codes
25 codes, B1xx-B4xx. Published by the American Bar Association (ABA) in 1997.
Bankruptcy task codes derived from the US Trustee code set: administration, operations, claims and plans, and pre-filing advice.
When to use it: Bankruptcy matters. Adversarial work such as preference actions is coded with the litigation set instead.
The full list: 25 codes
| Code | Name | Definition |
|---|---|---|
| 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/Adequate Protection Proceedings | Matters relating to termination or continuation of automatic stay under 362 and motions for adequate protection. |
| B150 | Meetings of and Communications with Creditors | Preparing for and attending the conference of creditors, the 341(a) meeting and other creditors' committee meetings. |
| B160 | Fee/Employment Applications | Preparations of employment and fee applications for self or others; motions to establish interim procedures. |
| B170 | Fee/Employment 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/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/Pensions | Review issues such as severance, retention, 401K coverage and continuance of pension plan. |
| B230 | Financing/Cash Collections | Matters under 361, 363 and 364 including cash collateral and secured claims; loan document analysis. |
| B240 | Tax Issues | Analyses and advice regarding tax-related issues, including the preservation of net operating loss carry forwards. |
| B250 | Real Estate | Review and analysis of real estate-related matters, including purchase agreements and lease provisions (e.g., common area maintenance clauses). |
| B260 | Board of Directors Matters | Preparation of materials for and attendance at Board of Directors meetings; analysis and advice regarding corporate governance issues and review and preparation of corporate documents (e.g., Articles, Bylaws, employment agreements, compensation plans, etc.) |
| B300 | Claims and Plans | |
| B310 | Claims Administration and Objections | Specific claim inquiries; bar date motions; analyses, objections and allowances of claims. |
| B320 | Plan and Disclosure Statement (including Business Plan) | 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. |
| B420 | Restructurings | Analysis, consultation and drafting in connection with the restructuring of agreements, including financing agreements, where no bankruptcy case has been filed. |
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Code text belongs to the American Bar Association, reproduced here with a link to the source.