LEO: Conflict of Interests/Representation of  LE Op. 478

 

Conflict of Interests/Representation of Multiple Creditors.

 

September 20, 1982

 

It is not improper for an attorney to represent several creditors against

a single debtor, if, after full disclosure to each creditor, all creditors

consent to the multiple representation and concur as to the distribution

of any funds collected should the amount be inadequate to pay fully each

creditor's claim. [See DR:5-105, EC:5-14 et seq., LE Op. 210, and LE

Op. 231.]

 

Committee Opinion September 20, 1982