Skip to main content

Lehmans Year-End Fees Filings Match Up With Biggest Bankruptcy

Submitted by webadmin on

Lehman Brothers Holdings Inc., which aims to pay creditors $65 billion by 2016 or so, enters the 2013 with statistics to match the biggest-ever bankruptcy it filed more than four years ago, Bloomberg News reported on Saturday. The defunct investment bank added 10,000 filings to its court docket in 2012, bringing the total toward 33,000, as it slashed 67,000 payment demands for $1.2 trillion by almost 70 percent to $370 billion. It paid advisers $600 million in its last year of bankruptcy, or a total of $1.8 billion since 2008.