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Accessible Version CORPORATE BANKRUPTCY Stakeholders Have Mixed Views on Attorneys' Fee Guidelines and Venue Selection for Large Chapter 11 Cases Report to the Chairman, Committee on the Judiciary, U.S. Senate September 2015 GAO-15-839 United States Government Accountability Office United States Government Accountability Office Highlights of GAO-15-839, a report to the Chairman, Committee on the Judiciary, U.S. Senate September 2015 CORPORATE BANKRUPTCY Stakeholders Have Mixed Views on Attorneys’ Fee Guidelines and Venue Selection for Large Chapter 11 Cases Why GAO Did This Study Since 2010, there have been at least 765 Chapter 11 bankruptcy filings by large companies. The associated fees for bankruptcy professionals, including attorneys, can run into the hundreds of millions of dollars. The size of these fees has raised questions about whether professionals have charged a premium for large bankruptcies and used the venue selection process to file in courts where they believed they wou...