JOURNAL ARTICLE

FTX's $950 Million Bankruptcy Fees Among Costliest Since Lehman.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Randles, Jonathan 3 of 3

Abstract

The bankruptcy of FTX, a crypto enterprise, has incurred costs nearing $1 billion, making it one of the most expensive Chapter 11 cases in US history. Despite the hefty fees paid to lawyers and financial advisers, creditors are expected to recover 118% of what they were owed, a rare outcome in such cases. The high cost of FTX's bankruptcy reflects a trend of increasing legal and professional service expenses in Chapter 11 cases, with the most expensive case being the bankruptcy of Lehman Brothers, which cost nearly $6 billion. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/02, pN.PAG
  • Document Type:Article
  • Subject Area:Law
  • Publication Date:2025
  • Accession Number:183291944
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