Bankruptcy trustee challenges law firm expenses
Bankruptcy can be expensive.
Legal fees mount quickly for corporations seeking protection from their creditors. The lead law firm in Chrysler’s 40-day bankruptcy process billed the company $12.7 million in May, including $900 an hour for 15 hours a day for every day of May for one attorney.
The lead law firm for Tulsa -based SemGroup LP , which has been in bankruptcy for a year, has submitted bills totalin...
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