The trust in charge of overseeing Residential Capital LLC 's liquidation is trying to make the former mortgage servicer's expensive bankruptcy case a little cheaper, Dow Jones Daily Bankruptcy Review reported today. The liquidating trust, managed by Quest Turnaround Advisors LLC, is taking aim at some of the fees charged by the professionals working for the court-appointed independent examiner, including $2.5 million related to typesetting the report when, the trust says, Microsoft Word could've done the trick. The trust has no objections to the $568,612.50 charged by the examiner himself, former bankruptcy judge Arthur J. Gonzalez. The court-ordered examination, which helped get ResCap out of bankruptcy, ended up costing the estate about $90 million, more than 20 percent of the total $400 million in professional fees that ResCap's lawyers, advisers and others charged in the case.
