How Long to Read Professional Fees in Corporate Bankruptcies

How Long Does it Take to Read Professional Fees in Corporate Bankruptcies?

It takes the average reader 5 hours and 44 minutes to read Professional Fees in Corporate Bankruptcies by Lynn M. LoPucki

Assuming a reading speed of 250 words per minute. Learn more

Description

Bankrupt Enron paid more than a billion dollars in cash to bankruptcy lawyers, financial advisors, and other bankruptcy professionals. The managers of Enron, like those of most bankrupt companies, paid the professionals with other peoples' money - money that would otherwise have gone to creditors, employees, shareholders, or to saving the companies. To prevent excessive payments, the bankruptcy code and rules establish an elaborate system for public reporting and court approval of professional fees. Armed with the ability to choose among courts that want or need to attract the cases, the professionals have largely taken charge of the fee-control system and rendered it toothless. The professionals ignore ignore the rules and the courts do nothing about it. Objections to fees are rare, and the courts award almost 99% of the amounts applied for. Fees rose at the rate of 9.5% per year from 1998 through 2007. Effective methods for assessing and controlling fees do exist, but it is not in the interests of the courts or the professionals to employ them. Based on a study of thousands of documents from the court files in 102 of the largest cases, bankruptcy expert, Lynn M. LoPucki, and political scientist, Joseph W. Doherty, provide an unprecedented window on the worlds of bankruptcy professionals, professional fees, and their scientific study. Through that window, readers see both a disturbing picture of a legal system in crisis and a hopeful one with opportunities for desperately needed reform. Professional Fees in Corporate Bankruptcies is a scholarly work that employs statistical analysis, and documents its findings to scientific standards. But the authors have written for readers with technical backgrounds in neither bankruptcy nor statistics. This book will be of interest not only to scholars studying professional fees, but also to bankruptcy professionals, judges, policymakers, and anyone interested in the functioning of law-based systems.

How long is Professional Fees in Corporate Bankruptcies?

Professional Fees in Corporate Bankruptcies by Lynn M. LoPucki is 336 pages long, and a total of 86,016 words.

This makes it 113% the length of the average book. It also has 105% more words than the average book.

How Long Does it Take to Read Professional Fees in Corporate Bankruptcies Aloud?

The average oral reading speed is 183 words per minute. This means it takes 7 hours and 50 minutes to read Professional Fees in Corporate Bankruptcies aloud.

What Reading Level is Professional Fees in Corporate Bankruptcies?

Professional Fees in Corporate Bankruptcies is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Professional Fees in Corporate Bankruptcies?

Professional Fees in Corporate Bankruptcies by Lynn M. LoPucki is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Professional Fees in Corporate Bankruptcies by Lynn M. LoPucki on Amazon click the button below.