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How Much Can Bankruptcy Lawyers' Fees Be Raised in the Final Application?

By Jeff Chorney
September 29, 2004

U.S. Bankruptcy Judge Dennis Montali approved nearly all of the final fee requests for law firms and other consultants working on the massive Pacific Gas & Electric Co. bankruptcy.

Montali's OK puts the final tally for more than 3 years' worth of work at about $450 million to $475 million, according to an accounting by the Office of the U.S. Trustee. Of the total, about $100 million goes to law firms representing the utility in different capacities.

That makes the case one of the most expensive bankruptcy matters ' if not the most expensive ' in the history of the Northern District of California.

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