Mr Cooper Group Inc (COOP)

[uzualsuzpect]

Bankruptcy Expenses Soar for Washington Mutual

Contributor: Tampa Bay Bankruptcy Center, P.A. SUMMARY: The expenses that bankrupt Washington Mutual has incurred in the bankruptcy process have exceeded $100 million. The exact figure through April 30 billed by 26 court-approved professional companies came up to more than $102.8 million, according to the regulatory filing made by Washington Mutual Inc. (WMI) recently.


Sadly, this huge amount of money will not be going to the now bankrupt mutual fund company’s ex-employees or clients who have lost money when it collapsed. Instead, the bulk of the money will go to WMI’s many creditors.


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http://www.jdsupra.com/post/documentViewer.aspx?fid=4857aa19-e063-4167-b37d-8f961c3962e6