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Professional Fees in Corporate BankruptciesData, Analysis, and Evaluation$
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Lynn M. LoPucki and Joseph W. Doherty

Print publication date: 2011

Print ISBN-13: 9780195337723

Published to Oxford Scholarship Online: May 2011

DOI: 10.1093/acprof:oso/9780195337723.001.0001

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3. Aggregate Costs

3. Aggregate Costs

(p.43) 3. Aggregate Costs
Professional Fees in Corporate Bankruptcies

Lynn M. Lopucki

Joseph W. Doherty (Contributor Webpage)

Oxford University Press

This chapter reports findings with respect to aggregate professional fees and expenses from the cases used in the sample. It also explains how those amounts can be used to predict the fees and expenses in hypothetical and future cases, or to evaluate the fees and expenses incurred in any case inside or outside the sample. The report is based on to two types of data: § 330(a) awards and 10-K data. Data on § 330(a) awards was gathered from fee applications and orders in the court file while 10-K data was gathered from the annual reports that surviving debtors filed with the SEC. The amount of § 330(a) awards for a given case are, on average, only about two-thirds of the amount of 10-K fees and expenses.

Keywords:   aggregate professional fees, expenses, bankruptcy costs, section 330(a) awards, 10-K reports

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