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U.S. Code, Title 11, Bankruptcy
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
§ 504. Sharing of Compensation
(a) Except as provided in subsection (b) of this section, a person receiving compensation or reimbursement under section 503(b)(2) or 503(b)(4) of this title may not share or agree to share—
(1) any such compensation or reimbursement with another person; or
(2) any compensation or reimbursement received by another person under such sections.
(b)(1) A member, partner, or regular associate in a professional association, corporation, or partnership may share compensation or reimbursement received under section 503(b)(2) or 503(b)(4) of this title with another member, partner, or regular associate in such association, corporation, or partnership, and may share in any compensation or reimbursement received under such sections by another member, partner, or regular associate in such association, corporation, or partnership.
(2) An attorney for a creditor that files a petition under section 303 of this title may share compensation and reimbursement received under section 503(b)(4) of this title with any other attorney contributing to the services rendered or expenses incurred by such creditor’s attorney.
(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2582.)
Historical and Revision Notes
Section 504 prohibits the sharing of compensation, or fee splitting, among attorneys, other professionals, or trustees. The section provides only two exceptions: partners or associates in the same professional association, partnership, or corporation may share compensation inter se; and attorneys for petitioning creditors that join in a petition commencing an involuntary case may share compensation.
Section Referred to in Other Sections
This section is referred to in section 901 of this title; title 15 section 78fff.
Contents:
Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 504. Sharing of Compensation," U.S. Code, Title 11, Bankruptcy in U.S. Code, Title 11, Bankruptcy (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed January 2, 2025, http://originalsources.com/Document.aspx?DocID=UWBC6Q5TWECGQTP.
MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 504. Sharing of Compensation." U.S. Code, Title 11, Bankruptcy, in U.S. Code, Title 11, Bankruptcy, Washington, D.C., Government Printing Office, 2002, Original Sources. 2 Jan. 2025. http://originalsources.com/Document.aspx?DocID=UWBC6Q5TWECGQTP.
Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 504. Sharing of Compensation' in U.S. Code, Title 11, Bankruptcy. cited in 2002, U.S. Code, Title 11, Bankruptcy, Government Printing Office, Washington, D.C.. Original Sources, retrieved 2 January 2025, from http://originalsources.com/Document.aspx?DocID=UWBC6Q5TWECGQTP.
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