DETROIT (AP) – The bill for lawyers, consultants and other professionals in Detroit’s historic bankruptcy is $170 million.
The city disclosed the figure in a court filing Tuesday as ordered by Judge Steven Rhodes. Detroit must cover the costs, although it received a $5 million reimbursement by the state of Michigan, lowering the total bill to $165 million.READ MORE: Consumer Alert: How To Avoid Fake N95, KN95 Masks
The bankruptcy was the largest by a government in U.S. history. The case was closed earlier this month, but the judge still must sign off on the professional fees.
Detroit got rid of $7 billion in debt, slashed pensions and eliminated retiree health care. The city also is pledging to spend more than $1 billion on better services for residents.READ MORE: Flint Public Schools Staying Virtual Indefinitely Due To Large Amount Of Positive COVID-19 Cases
The professional fees are higher than any other city that has gone through bankruptcy.State Fears Confusion After Michigan Restaurant Wins In Dining Ban Case
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