D. Insolvency Proceedings * Filing of petition, appearance at first creditors meeting, appointment of assignee ~ Business — P 40,000.00 ~ Individual — P 30,000.00 ~ Husband and Wife (additional) --- P 10,000.00 * Preparation of filing of Motion to Discharge —-P 10,000.00 * Fling of creditor's claim — P 5,000.00 * Preparation of pleadings and appearance fees shall be subject to hourly rates and separate from the fees above-stated Representing Pebitoner ~ Without Opposition 10% ofthe value of ofthe estate With Opposition 20% of the value ofthe estate * Representing the Oppositor 15% of the value ofthe share of the oppositor In all cases the client must pay an acceptance fee of at least 30,000.00 for the preparation ofthe petition or opposition as well as hourly rates for the preparation of other pleadings and appearance fees, F 10% ofthe diffrence between the amount of the offer and the amount of compensation determined in the proceedings but not less than the acceptance fees and hour rates herein prescribed: In case the right or exercise ofthe right to expropriate is questioned the rates prescribed for general civil cases shall be applied. 11. MONTHLY RETAINER The monthly retainer fee for retainer arrangements whereby the attorney is readily avaliable to render exclusive professional service to the retaining client on routine matters affecting the clients personal or business interests and legal affairs which may include notarial services, but excluding the drafting or preparation of documents and collection cases shall be at least P 5,000.00 per month, 12. EXPENSES AND DISBURSEMENTS. Al fees in this Schedule of Minimum Fees for Legal Services shall be exclusive of all expenses necessary or incidental to the fing and prosecution ofthe cause of the client or representing the interests of the client, Such expenses shall be borne or paid by the client separately from the fees forthe legal services rendered by the attorney. 13, ATTORNEY'S LIENS ‘An attorney shall have a lien upon the funds, documents, and papers of the client which have lawfully come into his possession and may retain the same unti his awful fees and disbursements shall have been paid. Subject to the rules of procedure and ethics, the attorney may apply such funds to the satisfaction of the fees and expenses to \which he is entitled and he shall have lien thereon pursuant to Rule 138, Section 37 of the Rules of Court ofthe Philippines. 14, REVISION The Schedule of Minimum Fees for Legal Services may be revised {rom time to ime as the Board of Officers ofthe Integrated Bar of the Philippines, lilo Chapter may deem just, proper, and desirable after giving due consideration to the changes in time, circumstances, and the rules of procedure or those that govern the practice of law and the conduct of lawyers. 15, EFFECTIVITY This Schedule of Minimum Fees for Legal Services shall be effective on January 1,2009. gr Bl in ce RESOLUTION APPROVING THE REVISIOl OF SCHEDULE OF MINIMU FEES FOR LEGAL SERVICE WHEREAS, the Schedule of Minimum fees for L Services of the IBP Iloilo Chapter was revised on Jani 11,2002; WHEREAS, the Schedule provides that it ma revised from time to time, considering the prevailing lation and the change in the effective purcha: power of mone} WHEREAS, the prevailing socio-economic condi requires a revision of the 2002 Schedule of Minin Fees for Legal Services; WHEREAS, Rule 2.04, Canon 2 of the Code Professional Responsibility promulgated by the Supr Court of the Philippines in June 21, 1988 provides the lawyer shall not charge rates rates lower than custom prescribed unless the circumstances so warrant.”; WHEREAS, the committee on Revision created by Board of Officers has filed its Report and submittec final draft of the 2009 REVISED SCHEDULE of MININ FEES FOR LEGAL SERVICES which the Board finds t fair, reasonable and just; NOW THEREFORE, be it resolved, as it is he resolved, that the 2009 REVISED SCHEDULE MINIMUM FEES FOR LEGAL SERVICES embo herein, be approved, as it is hereby APPROVED, and henceforth all member of this Chapter are enjoine follow this Schedule. Noilo City, Philippin: , February 5,2009. BOARD OF OFFICERS 2007-2009 VIRGILIO T. TERUEL, President MARVEN B. DAQUILANEA Vice President ELSIE JANE VICTORIA CAUSING ‘Secretary ESTHER LEE-TRIMANEZ ‘Treasurer EDUARDO T. REYES Ill ‘Auditor DANIEL P. DINOPOL PRO DIRECTORS PAULINO L.SALMON, JR. MARY JEAN J. JARANILLA, MARICAR P. VILLANUEVA-HIBALLES EUGENIO O. ORIGINAL RODOLFO S. CONVOCAR: