A report filed yesterday by a court-appointed fee examiner showed that Detroit's price tag for lawyers, consultants and other professionals hit $13.7 million in the first 75 days of its historic bankruptcy, Reuters reported today. The tab for professional services covers the period beginning with Detroit's July 18 bankruptcy filing until the end of September and likely has mushroomed since then, as lawyers spent significant time before Bankruptcy Judge Steven Rhodes, even throughout the holiday season. The fees and expenses Detroit incurred through the end of September were "substantial" but also unavoidable given circumstances of the bankruptcy, wrote Robert M. Fishman, who was appointed fee examiner in August, in his first quarterly report to the U.S. bankruptcy court.
