- The company’s interests are represented by Kirkland & Ellis agency employees
- Some of them earn about $2,000 an hour or more
- Total Voyager liabilities range from $1 billion to $10 billion
Voyager Digital filed new bankruptcy court papers yesterday, June 27. They include the company’s expenses for Kirkland & Ellis agency services. And, as it turns out, the cryptocurrency lender’s representatives have considerable appetites.
From April 1 to April 30, the organization requested $1.148 million from the bankruptcy trustee for legal fees:
For part of Kirkland & Ellis partners receive up to $2,000 an hour, and some even more. For example, one George Hicks, Jr. billed more than $153,000 for 87.8 hours of work.
Nicholas Ajima demanded $147,900 for 118 hours. These are huge sums that simply empty the firm’s accounts.. We should remind you that the exact amount of Voyager’s liabilities is still unknown.
The company has about 100,000 creditors.. The total amount of debt ranges from $1 billion to $10 billion.
As for Kirkland & Ellis, the agency’s annual profits exceed $6 billion.. Its lawyers have handled most of the high-profile bankruptcy cases, including Celsius, BlockFi and even FTX.</nbsp;
By the way, the latter, the exchange’s liquidation costs have exceeded $200 million over the years.. The company’s consultants, including Kirkland & Ellis attorneys, earned $120 million in just three months.However, it is possible that in the case of FTX, such expenses are justified. New management managed to recover $7 billion in liquid assets. But can the same be said for the Voyager? Hardly.