Bankruptcy is a dramatic but costly business.
The latest statement of financial affairs filed by Genco Shipping & Trading in the Southern District court of New York gives a good insight into the price of “debt counselling”.
But it also gives a fascinating and sometimes minute breakdown of some of the charges associated with running a bulk operator like Genco.
One law firm, Kramer Levin Naftalis & Frankel, was paid over $6m between March and April for its advice.
Another
