FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Detroit Bankruptcy Racks Up Over $160MM of Bankruptcy Fees, Expenses

December 31, 2014, 08:01 AM
Filed Under: Bankruptcy

According to a filing with the  U.S. Bankruptcy Court Eastern District of Michigan Southern Division, Detroit is paying $164 million out of the general fund in relation to its bankruptcy filing.

According to the filing, the largest sum of money to be paid out is $57 million to Jones Day, attorneys for the city.

Consultant firms, Miller Buckfire, and Ernst and Young will receive $22 million and $20 million respectively.

The fees still have to be approved my bankruptcy judge Steven Rhodes.

To read the filing, click here.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.