Share this text
Collectors of bankrupt crypto agency, Voyager Digital, face a $5.1 million invoice. New York legislation agency McDermott Will & Emery is in search of reimbursement for authorized companies supplied from March 1 to Could 13, 2023, in keeping with a July 3 submitting.
A considerable bill was billed to the “Licensed Committee of Unsecured Collectors,” in any other case generally known as Voyager Digital’s collectors, with an hourly price of $1,026.76, protecting a variety of authorized duties. The legislation agency was engaged in a wide range of roles, together with guiding the committee via the chapter proceedings, negotiating with debtors and different events, and managing the required paperwork:
This marks the third and ultimate bill from McDermott Will & Emery, bringing the whole claimed compensation from July 5, 2022 to $16.48 million. Voyager reportedly paid $8.97 million of this quantity.
The results of authorized bills don’t cease with McDermott Will & Emery. Kirkland & Ellis, one other authorized adviser, additionally billed Voyager $1.1 million for its April companies. The submitting states that that is “reimbursement within the quantity of $1,128,312.40, which is 80% of the whole quantity of cheap compensation for precise, crucial authorized companies carried out by Okay&E in reference to such companies throughout the price interval.”
The fees stem from Voyager’s chapter submitting on July 5, 2022, during which the corporate disclosed $1 to $10 billion in liabilities amid the crypto-credit disaster.
