Consultants and lawyers are seeing a fee and expenses bonanza of almost $400,000 a day as American enters another month of bankruptcy.
With the Section 1119 hearings resuming on Monday, it’s a good time to do a fresh summary of all the requests for fees and expenses that have been submitted so far.
Our current count, as of close of business Friday, was $58.7 million, of which the lawyers, consultants, advisors, etc. can claim 80 percent now and 20 percent later
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