Detroit charged $126 million by law firms and consultants in bankruptcy case - World Socialist Web Site
▻http://www.wsws.org/en/articles/2014/09/17/detr-s17.html
Detroit charged $126 million by law firms and consultants in bankruptcy case
By Thomas Gaist
17 September 2014
The City of Detroit has been charged at least $126 million in fees for legal, financial, and consulting firms in connection with the city’s Chapter 9 bankruptcy case, according to an internal report cited by the Wall Street Journal.
The $126 million total marks a nearly fourfold increase from the $28 million in fees reported by the city’s fee examiner Robert Fishman in December of 2013. Total fees may rise above $150 million before the bankruptcy is complete, according to Bill Nowling, a spokesman for Emergency Manager Kevyn Orr.