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Bankruptcy attorneys file bankruptcy, themselves, both Chapter 13 payment plan bankruptcies, or Chapter 7 liquidation bankruptcies, more often than we get million dollar fees.
But, what is news?
Over a billion (yeah, B as in Billion) in attorney fees, on a bankruptcy case?
Yah, you betcha.
“These fees are higher than my model would’ve predicted,” said Stephen Lubben, a professor of bankruptcy law at Seton Hall University. – as quoted on the CNN Money site, on his model for bankruptcy attorney fees.