Bankruptcy Expenses Soar for Washington Mutual


The expenses that bankrupt Washington Mutual has incurred in the bankruptcy process have exceeded $100 million. The exact figure through April 30 billed by 26 court-approved professional companies came up to more than $102.8 million, according to the regulatory filing made by Washington Mutual Inc. (WMI) recently.

Sadly, this huge amount of money will not be going to the now bankrupt mutual fund company’s ex-employees or clients who have lost money when it collapsed. Instead, the bulk of the money will go to WMI’s many creditors.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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