---
title: "What do Chapter 11 professionals charge?"
description: "Court-approved retention terms for investment bankers, financial advisors, CROs and debtor counsel in 46 US Chapter 11 cases filed 2023\u20132026, from the court record."
site: Deal Cost Index
content_updated: 2026-09-15
data_checked: 2026-09-13
license: CC BY 4.0
html: https://dealcostindex.com/restructuring-fees.html
---
Chapter 11 · court filings 2023–2026

# What do Chapter 11 professionals charge?

Across 46 US Chapter 11 cases filed 2023–2026, the debtor's investment banker charged a median $150,000 a month in 30 retention terms, plus a flat restructuring fee and percentage fees on any sale or financing.

Each term below comes from a retention application, engagement letter, order or fee application on the court docket.

Key figures

46

Chapter 11 cases

95

debtor professionals

$150K

median banker fee per month

$2,355

median top partner rate, cases over $1B

## Fees by case size

In cases with $100M–$1B of liabilities, the debtor's investment banker charged a median of $138K a month (12 retention terms) and lead counsel's top partner rate had a median of $2,118 an hour (12). Above $1B the medians were $200K a month (12) and $2,355 an hour (10), from court filings in cases filed 2023–2026.

| Case size | Cases | Banker monthly fee (median) | Debtor counsel top partner rate (median) |
|---|---|---|---|
| Liabilities under $100M | 12 | $40K | — |
| $100M–$1B | 19 | $138K | $2,118/h |
| Over $1B | 12 | $200K | $2,355/h |

Retention terms are as proposed or approved in court filings. Amounts actually paid can differ, remain subject to court approval, and exclude expenses unless stated.

## Every case and retention term

46 rows

| Debtor | Liabilities | Professionals and retention terms | Total fees |
|---|---|---|---|
| Searles Valley Minerals Inc. — Bankr. D. Del. 26-10966 · filed 2026-06-15 | — | Lazard Frères & Co. LLC / Lazard & Co., Limited · investment banker · $150K/mo · Restructuring Fee $5,000,000; Sale Transaction Fee (control sale) $3,000,000 plus 3.5% of incremental Enterprise Value above $200,000,000 (tiered); Other Sale Transaction Fee 1.5% of Aggregate Consideration [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.201686/gov.uscourts.deb.201686.94.0.pdf) · Skadden, Arps, Slate, Meagher & Flom LLP · debtor counsel · $2175–2850/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.201686/gov.uscourts.deb.201686.99.0.pdf) | — |
| Danskammer HoldCo LLC — Bankr. D. Del. 26-10950 · filed 2026-06-10 | — | SSG Advisors, LLC · investment banker · $50K/mo · Transaction Fee greater of $500,000 or 3.0% of Total Consideration on a sale [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.201666/gov.uscourts.deb.201666.46.0.pdf) | — |
| Pine Gate Renewables, LLC — Bankr. S.D. Tex. 25-90669 · filed 2025-11-06 | $1,000,000,001-$10 billion (consolidated) | Lazard Frères & Co. LLC · investment banker · $250K/mo · Restructuring Fee $17,000,000 (in chapter 11: greater of $17,000,000 and 0.70% of funded debt, tax equity and other obligations restructured); Sale Transaction Fee greater of Schedule I fee and Restructuring Fee; Partial Sale minimum $2,500,000 [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.txsb.488722/gov.uscourts.txsb.488722.231.0.pdf) · Latham & Watkins LLP · debtor counsel · $1680–2650/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.txsb.488722/gov.uscourts.txsb.488722.228.1.pdf) · Alvarez & Marsal North America, LLC · restructuring advisor · $1100–1575/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.txsb.488722/gov.uscourts.txsb.488722.230.0.pdf) | — |
| Razzoo's, Inc. — Bankr. S.D. Tex. 25-90522 · filed 2025-10-01 | $9.7M | Stout Capital, LLC · investment banker · $30K/mo · Sale Transaction Fee: $750,000 for Aggregate Gross Consideration up to $17.5 million, plus 5% of incremental AGC above $17.5 million [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.txsb.487314/gov.uscourts.txsb.487314.77.0.pdf) | — |
| Partners Pharmacy Services, LLC — Bankr. S.D. Tex. 25-34698 · filed 2025-08-13 | $10,000,001-$50 million | SSG Advisors, LLC · investment banker · $50K/mo · Sale Fee greater of $600,000 plus 4.0% of Total Consideration in excess of $51.7 million; Restructuring Fee $500,000 (only the greater of the two) [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.txsb.485542/gov.uscourts.txsb.485542.50.0.pdf) · Gibbins Advisors, LLC · restructuring advisor · $695–850/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.txsb.485542/gov.uscourts.txsb.485542.52.0.pdf) · Pillsbury Winthrop Shaw Pittman LLP · debtor counsel [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.txsb.485542/gov.uscourts.txsb.485542.49.0.pdf) | — |
| Claire's Holdings LLC (2025 case) — Bankr. D. Del. 25-11454 · filed 2025-08-06 | $1,000,000,001-$10 billion (consolidated) | Houlihan Lokey Capital, Inc. · investment banker · $175K/mo · Restructuring Transaction Fee $5,500,000; Sale Transaction Fee $5,500,000 [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.193553/gov.uscourts.deb.193553.305.0.pdf) | — |
| Linqto, Inc. et al. (Linqto Texas, LLC) — Bankr. S.D. Tex. 25-90186 · filed 2025-07-07 | $500,000,001-$1 billion (consolidated) | Jefferies LLC · investment banker · $125K/mo · Restructuring Fee $2,500,000; M&A Transaction Fee 2.0% of Transaction Value (tiered per letter) [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.txsb.484191/gov.uscourts.txsb.484191.129.0.pdf) | — |
| The Villages Health System, LLC — Bankr. M.D. Fla. 6:25-bk-04156 · filed 2025-07-03 | $100,000,001-$500 million | Evercore Group L.L.C. · investment banker · Monthly fee plus transaction-based restructuring fee (amounts not restated in the pages read); total compensation requested $5,600,000.00 for July 3 - November 7, 2025 [Docket fee application](https://storage.courtlistener.com/recap/gov.uscourts.flmb.1404365/gov.uscourts.flmb.1404365.331.0.pdf) | — |
| Zen JV, LLC (Zips Car Wash) — Bankr. D. Del. 25-11195 · filed 2025-06-24 | $100,000,001-$500 million (consolidated) | PJT Partners LP · investment banker · Restructuring Fee $3,000,000 (payable once, may be a Sale Transaction) plus 5% of Transaction Value above the initial stalking-horse bid [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.197516/gov.uscourts.deb.197516.146.0.pdf) · AlixPartners, LLP · financial advisor · $1225–1540/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.197516/gov.uscourts.deb.197516.145.0.pdf) · Richards, Layton & Finger, P.A. · debtor counsel · $1175–1500/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.197516/gov.uscourts.deb.197516.147.0.pdf) | — |
| Powin, LLC — Bankr. D.N.J. 25-16137 · filed 2025-06-10 | $100,000,001-$500 million | Huron Transaction Advisory LLC · investment banker · $150K/mo · In-Court Restructuring Fee $1,250,000; Powin Sale Transaction Fee greater of $1,500,000 and tiered % (1.5% of consideration up to threshold) [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.njb.1127384/gov.uscourts.njb.1127384.275.0.pdf) · Uzzi & Lall · restructuring advisor · $1500–1500/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.njb.1127384/gov.uscourts.njb.1127384.268.0.pdf) · Dentons US LLP · debtor counsel · $620–2295/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.njb.1127384/gov.uscourts.njb.1127384.277.0.pdf) · Togut, Segal & Segal LLP · debtor counsel · $1190–1830/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.njb.1127384/gov.uscourts.njb.1127384.276.0.pdf) | — |
| Dos Lagos Center 2, LLC — Bankr. C.D. Cal. 6:25-bk-13642 · filed 2025-05-30 | $10,000,001-$50 million | Force Ten Partners, LLC · restructuring advisor · $850–990/h top tier [Docket engagement letter](https://storage.courtlistener.com/recap/gov.uscourts.cacb.2016503/gov.uscourts.cacb.2016503.31.0.pdf) | — |
| New Rite Aid, LLC (2025 case) — Bankr. D.N.J. 25-14861 · filed 2025-05-05 | $1,000,000,001-$10 billion (consolidated) | Guggenheim Securities, LLC · investment banker · $300K/mo · Sale Transaction Fees per engagement letter; first interim application reports $4,927,852.09 of Sale Transaction Fees ($3,511,723.06 after crediting Monthly Fees) [Docket fee application](https://storage.courtlistener.com/recap/gov.uscourts.njb.1126059/gov.uscourts.njb.1126059.2573.0.pdf) | — |
| 23andMe Holding Co. (now Chrome Holding Co.) — Bankr. E.D. Mo. 25-40976 · filed 2025-03-23 | $100,000,001-$500 million (consolidated) | Moelis & Company LLC · investment banker · $175K/mo · Sale Transaction Fee $3,500,000; Restructuring Fee $3,000,000; Asset Transaction Fee 5.0% of gross proceeds [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.moeb.462637/gov.uscourts.moeb.462637.29.0.pdf) · Alvarez & Marsal North America, LLC · restructuring advisor · Completion Fee $750,000 · $1100–1575/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.moeb.462637/gov.uscourts.moeb.462637.34.0.pdf) · Paul, Weiss, Rifkind, Wharton & Garrison LLP · debtor counsel · $2245–2595/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.moeb.462637/gov.uscourts.moeb.462637.31.0.pdf) | — |
| Avon Place LLC — Bankr. E.D.N.Y. 1-25-41368 · filed 2025-03-21 | $10,000,001-$50 million | FIA Capital Partners, LLC · restructuring advisor · $400–750/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.nyeb.525916/gov.uscourts.nyeb.525916.22.0_5.pdf) | — |
| AFH Air Pros, LLC — Bankr. N.D. Ga. 25-10356 · filed 2025-03-16 | $100,000,001-$500 million | Jefferies LLC · investment banker · $100K/mo · Restructuring Fee $1.75 million (not payable on a liquidating plan); M&A Transaction Fee 2.0% of Transaction Value up to $175.0 million (tiered above; separate PIMCO M&A Transaction Fee terms) [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.ganb.1270621/gov.uscourts.ganb.1270621.114.0.pdf) | — |
| JOANN Inc. (2025 case) — Bankr. D. Del. 25-10068 · filed 2025-01-15 | $1,000,000,001-$10 billion | Centerview Partners LLC · investment banker · $175K/mo · Transaction Fee $5,500,000 on consummation of a Restructuring [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.195265/gov.uscourts.deb.195265.454.0.pdf) · Alvarez & Marsal North America, LLC · restructuring advisor · $375K/mo · $1100–1575/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.195265/gov.uscourts.deb.195265.453.0.pdf) · Kirkland & Ellis LLP / Kirkland & Ellis International LLP · debtor counsel · $1295–2675/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.195265/gov.uscourts.deb.195265.456.0.pdf) | $24.8M [Order ](https://storage.courtlistener.com/recap/gov.uscourts.deb.195265/gov.uscourts.deb.195265.1769.1.pdf) |
| Franchise Group, Inc. — Bankr. D. Del. 24-12480 · filed 2024-11-03 | $1,000,000,001-$10 billion (consolidated; voluntary petition item 16, https://storage.courtlistener.com/recap/gov.uscourts.deb.194674/gov.uscourts.deb.194674.1.0.pdf) | Ducera Partners LLC · investment banker · $175K/mo · In-Court Restructuring Fee 75.0 basis points of principal amount of Existing Obligations restructured; Transaction Fee on sliding scale from 2.000% (Transaction Value $100M or less) declining (1.650% at $200M, 1.500% at $300M, ...) [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.194674/gov.uscourts.deb.194674.258.0.pdf) · AP Services, LLC · restructuring advisor · $175K/mo · Completion Fee (e.g., $2.0 million if plan confirmed within 90 days covering all debtor entities; other scenarios per application) · $1200–1495/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.194674/gov.uscourts.deb.194674.251.0.pdf) · Willkie Farr & Gallagher LLP · debtor counsel · $1650–2500/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.194674/gov.uscourts.deb.194674.474.0.pdf) · Kirkland & Ellis LLP / Kirkland & Ellis International LLP · debtor counsel · $1295–2675/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.194674/gov.uscourts.deb.194674.1053.0.pdf) | — |
| Big Lots, Inc. — Bankr. D. Del. 24-11967 · filed 2024-09-09 | $1,000,000,001-$10 billion | Guggenheim Securities, LLC · investment banker · $200K/mo · Restructuring Transaction Fee 1.50% of Aggregate Restructuring Value [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.194105/gov.uscourts.deb.194105.210.0.pdf) · AlixPartners, LLP · financial advisor · $1200–1495/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.194105/gov.uscourts.deb.194105.206.0.pdf) · Guggenheim Securities, LLC · investment banker [Docket order](https://storage.courtlistener.com/recap/gov.uscourts.deb.194105/gov.uscourts.deb.194105.2272.0.pdf) | — |
| Whittier Seafood, LLC — Bankr. D. Alaska 24-00139 · filed 2024-08-19 | $10,000,001-$50 million | Hilco Corporate Finance · investment banker · $25K/mo · Sale Transaction Fee equal to or greater than $500,000 or 3.0% of Transaction Value [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.akb.33463/gov.uscourts.akb.33463.158.0.pdf) | — |
| Blink Holdings, Inc. (Blink Fitness) — Bankr. D. Del. 24-11686 · filed 2024-08-12 | $100,000,001-$500 million | Moelis & Company LLC · investment banker · Sale Transaction Fee on a Comprehensive Sale: $3,250,000 base plus 2.0% of Transaction Value above $150,000,000 up to $155,000,000, plus 3.0% above $155,000,000 up to $160,000,000 (further tiers per order) [Docket order](https://storage.courtlistener.com/recap/gov.uscourts.deb.193795/gov.uscourts.deb.193795.168.0.pdf) | — |
| Tree Lane LLC — Bankr. C.D. Cal. 2:24-bk-13201 · filed 2024-04-25 | $10,000,001-$50 million | Traverse, LLC · restructuring advisor [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.cacb.1986095/gov.uscourts.cacb.1986095.32.0_1.pdf) | — |
| Express, Inc. (now EXP OldCo Winddown, Inc.) — Bankr. D. Del. 24-10831 · filed 2024-04-22 | $1,000,000,001-$10 billion (consolidated) | Moelis & Company LLC · investment banker · $150K/mo · Restructuring Fee $3,250,000; Sale Transaction Fee 2.0% of Transaction Value [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.192822/gov.uscourts.deb.192822.263.0.pdf) · Kirkland & Ellis LLP / Kirkland & Ellis International LLP · debtor counsel · $1195–2465/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.192822/gov.uscourts.deb.192822.247.0.pdf) · M3 Advisory Partners, LP · financial advisor · $1075–1415/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.192822/gov.uscourts.deb.192822.257.0.pdf) | $37.9M [Order ](https://storage.courtlistener.com/recap/gov.uscourts.deb.192822/gov.uscourts.deb.192822.1317.1.pdf) |
| Wisconsin & Milwaukee Hotel LLC — Bankr. E.D. Wis. 24-21743 · filed 2024-04-09 | $10,000,001-$50 million | Eisner Advisory Group LLC · financial advisor · $560–650/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.wieb.456155/gov.uscourts.wieb.456155.137.0.pdf) | — |
| Stalwart Plastics, Inc. — Bankr. M.D. Ga. 24-40194 · filed 2024-03-29 | $10,000,001-$50 million | GGG Partners, LLC · restructuring advisor · $300–450/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.gamb.413282/gov.uscourts.gamb.413282.4.0.pdf) | — |
| BowFlex Inc. — Bankr. D.N.J. 24-12364 · filed 2024-03-04 | $50,000,001-$100 million | Sidley Austin LLP · debtor counsel [Docket order](https://storage.courtlistener.com/recap/gov.uscourts.njb.1109943/gov.uscourts.njb.1109943.715.0_2.pdf) · FTI Consulting, Inc. · financial advisor [Docket order](https://storage.courtlistener.com/recap/gov.uscourts.njb.1109943/gov.uscourts.njb.1109943.715.0_2.pdf) | $9.78M [Order ](https://storage.courtlistener.com/recap/gov.uscourts.njb.1109943/gov.uscourts.njb.1109943.715.0_2.pdf) |
| Terraform Labs Pte. Ltd. — Bankr. D. Del. 24-10070 · filed 2024-01-21 | $100,000,001-$500 million (consolidated) | Alvarez & Marsal North America, LLC · financial advisor · $1075–1525/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.191957/gov.uscourts.deb.191957.58.0.pdf) · Weil, Gotshal & Manges LLP · debtor counsel · $1595–2350/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.191957/gov.uscourts.deb.191957.57.2.pdf) | — |
| Near Intelligence, Inc. — Bankr. D. Del. 23-11962 · filed 2023-12-08 | $100,000,001-$500 million | GLC Advisors & Co., LLC / GLCA Securities, LLC · investment banker · $125K/mo · Restructuring Fee $1,500,000; Sale Transaction Fee 1.75% of Aggregate Consideration up to $250,000,000 plus 4.00% above (minimum $1,500,000) [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.191691/gov.uscourts.deb.191691.73.0.pdf) · Ernst & Young LLP · financial advisor · $990–1200/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.191691/gov.uscourts.deb.191691.98.0.pdf) · Willkie Farr & Gallagher LLP · debtor counsel · $1550–2250/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.191691/gov.uscourts.deb.191691.78.0.pdf) | — |
| WeWork Inc. — Bankr. D.N.J. 23-19865 · filed 2023-11-06 | $10,000,000,001-$50 billion (consolidated) | PJT Partners LP · investment banker · $225K/mo · Restructuring Fee $14,500,000; Transaction Fee for WeWork Japan/India and other transactions per engagement letter (first $1,250,000 of Transaction Fees credited against Restructuring Fee) [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.njb.1105230/gov.uscourts.njb.1105230.218.0.pdf) · Province, LLC · financial advisor · $870–1450/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.njb.1105230/gov.uscourts.njb.1105230.219.0.pdf) · Kirkland & Ellis LLP / Kirkland & Ellis International LLP · debtor counsel · $1195–2245/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.njb.1105230/gov.uscourts.njb.1105230.213.0.pdf) · Alvarez & Marsal North America, LLC · financial advisor · $1025–1375/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.njb.1105230/gov.uscourts.njb.1105230.214.0.pdf) | — |
| Rite Aid Corporation (2023 case) — Bankr. D.N.J. 23-18993 · filed 2023-10-15 | $1,000,000,001-$10 billion (consolidated) | Guggenheim Securities, LLC · investment banker · $200K/mo · Restructuring Transaction / Sale Transaction / Financing Fees per engagement letter, subject to aggregate Maximum Fee Cap of $36,000,000 ($38,500,000 in an Alternative Scenario) [Docket order](https://storage.courtlistener.com/recap/gov.uscourts.njb.1104310/gov.uscourts.njb.1104310.1637.0.pdf) · Kirkland & Ellis LLP / Kirkland & Ellis International LLP · debtor counsel · $1195–2245/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.njb.1104310/gov.uscourts.njb.1104310.760.0.pdf) · Cole Schotz P.C. · debtor counsel · $585–1475/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.njb.1104310/gov.uscourts.njb.1104310.761.0.pdf) | — |
| IronNet, Inc. — Bankr. D. Del. 23-11710 · filed 2023-10-12 | $50,000,001-$100 million | Capstone Capital Markets LLC · investment banker · Sale Transaction Fee 5.0% of Aggregate Transaction Value above pre-petition debt plus DIP loans; minimum $475,000 [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.191409/gov.uscourts.deb.191409.65.0.pdf) | — |
| Prime Core Technologies Inc. (Prime Trust) — Bankr. D. Del. 23-11161 · filed 2023-08-14 | $100,000,001-$500 million (consolidated) | Galaxy Digital Partners LLC · investment banker · $100K/mo · Transaction Fee 5% of Transaction value on a Sale or Restructuring; Minimum Fee $2 million [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.190581/gov.uscourts.deb.190581.125.0.pdf) · M3 Advisory Partners, LP · financial advisor · $1025–1350/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.190581/gov.uscourts.deb.190581.127.0.pdf) · McDermott Will & Emery LLP · debtor counsel · $1170–2330/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.190581/gov.uscourts.deb.190581.124.0.pdf) | — |
| Amyris, Inc. — Bankr. D. Del. 23-11131 · filed 2023-08-09 | $1,000,000,001-$10 billion (consolidated) | Intrepid Investment Bankers LLC · investment banker · $150K/mo · Initial Restructuring Fee $150,000; Restructuring Fee $3,000,000; Sale Fee per engagement agreement [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.190528/gov.uscourts.deb.190528.139.0_1.pdf) · PwC US Business Advisory LLP · financial advisor · $1195–1195/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.190528/gov.uscourts.deb.190528.173.0_1.pdf) | — |
| Proterra Inc. (now Prodigy Investments Holdings, Inc.) — Bankr. D. Del. 23-11120 · filed 2023-08-07 | $500,000,001-$1 billion (consolidated) | Moelis & Company LLC · investment banker · $150K/mo · Restructuring Fee $3,750,000; Sale Transaction Fee $3,500,000 plus 2.5% of Transaction Value above $175,000,000 (highest-value sale), $2,000,000 plus 2.5% above threshold for additional sale [Docket order](https://storage.courtlistener.com/recap/gov.uscourts.deb.190516/gov.uscourts.deb.190516.266.0.pdf) | — |
| Yellow Corporation — Bankr. D. Del. 23-11069 · filed 2023-08-06 | $1,000,000,001-$10 billion (consolidated) | Ducera Partners LLC · investment banker · $200K/mo · Transaction Fee = greater of (1) $15,000,000 on a Restructuring and (2) Transaction Value x applicable percentage on a Sale [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.190462/gov.uscourts.deb.190462.374.0_1.pdf) · Kirkland & Ellis LLP / Kirkland & Ellis International LLP · debtor counsel · $1195–2245/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.190462/gov.uscourts.deb.190462.371.0_1.pdf) · Alvarez & Marsal North America, LLC · financial advisor · $1025–1375/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.190462/gov.uscourts.deb.190462.373.0.pdf) | $238M [Order ](https://storage.courtlistener.com/recap/gov.uscourts.deb.190462/gov.uscourts.deb.190462.8748.1.pdf) |
| Williams Industrial Services Group Inc. — Bankr. D. Del. 23-10961 · filed 2023-07-22 | $50,000,001-$100 million | Greenhill & Co., LLC · investment banker · $100K/mo · Restructuring Transaction Fee $2,900,000; M&A Transaction Fee per engagement letter [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.190346/gov.uscourts.deb.190346.138.0.pdf) · Thompson Hine LLP · debtor counsel [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.190346/gov.uscourts.deb.190346.140.0.pdf) · G2 Capital Advisors, LLC · financial advisor · $750–850/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.190346/gov.uscourts.deb.190346.136.0.pdf) | — |
| MediaMath Holdings, Inc. — Bankr. D. Del. 23-10882 · filed 2023-06-30 | $100,000,001-$500 million (consolidated) | FTI Consulting, Inc. · financial advisor · $1045–1495/h top tier [Docket engagement letter](https://storage.courtlistener.com/recap/gov.uscourts.deb.190237/gov.uscourts.deb.190237.56.2.pdf) | — |
| Lordstown Motors Corp. — Bankr. D. Del. 23-10831 · filed 2023-06-26 | $100,000,001-$500 million (consolidated) | Jefferies LLC · investment banker · $200K/mo · Restructuring Fee $3.0 million; M&A Transaction Fee $3.0 million (all or substantially all equity/assets) [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.190175/gov.uscourts.deb.190175.88.0.pdf) · White & Case LLP · debtor counsel · $1370–2100/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.190175/gov.uscourts.deb.190175.87.0.pdf) · Silverman Consulting · restructuring advisor · $525–525/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.190175/gov.uscourts.deb.190175.90.0.pdf) | — |
| Peer Street, Inc. — Bankr. D. Del. 23-10815 · filed 2023-06-26 | $50,000,001-$100 million | Province, LLC · restructuring advisor · $860–1350/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.190159/gov.uscourts.deb.190159.64.0.pdf) | — |
| Agspring, LLC — Bankr. D. Del. 23-10699 · filed 2023-05-31 | — | MERU, LLC · restructuring advisor · $700–850/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.189999/gov.uscourts.deb.189999.25.0.pdf) · Dentons US LLP · debtor counsel · $765–1240/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.189999/gov.uscourts.deb.189999.53.0_1.pdf) · Pachulski Stang Ziehl & Jones LLP · debtor counsel · $995–1995/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.189999/gov.uscourts.deb.189999.24.0.pdf) | — |
| Desolation Holdings LLC and Bittrex, Inc. — Bankr. D. Del. 23-10597 · filed 2023-05-08 | $500,000,001-$1 billion (consolidated) | Berkeley Research Group, LLC · restructuring advisor · $125K/mo · $1050–1250/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.189879/gov.uscourts.deb.189879.57.0.pdf) · Quinn Emanuel Urquhart & Sullivan, LLP · debtor counsel [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.189879/gov.uscourts.deb.189879.55.0.pdf) | — |
| Christmas Tree Shops, LLC — Bankr. D. Del. 23-10576 · filed 2023-05-05 | $100,000,001-$500 million | SSG Advisors, LLC · investment banker · $50K/mo · Restructuring Fee $650,000; Sale Fee greater of $650,000 or 3.0% of Total Consideration; Alternative Sale Fee $150,000 [Docket engagement letter](https://storage.courtlistener.com/recap/gov.uscourts.deb.189857/gov.uscourts.deb.189857.646.2.pdf) | — |
| Bed Bath & Beyond Inc. — Bankr. D.N.J. 23-13359 · filed 2023-04-23 | $1,000,000,001-$10 billion (consolidated) | Lazard Frères & Co. LLC · investment banker · $200K/mo · Restructuring Fee $15,000,000; Sale Transaction Fee $15,000,000 (non-wind-down scenario); in a Wind Down, Other Sale Transaction Fee 1.75% of Aggregate Consideration up to $175 million plus 2.25% above (tiered) [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.njb.1098474/gov.uscourts.njb.1098474.345.0.pdf) · Kirkland & Ellis LLP / Kirkland & Ellis International LLP · debtor counsel · $1195–2245/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.njb.1098474/gov.uscourts.njb.1098474.413.0_1.pdf) | — |
| Mountain Express Oil Company — Bankr. S.D. Tex. 23-90147 · filed 2023-03-18 | $100,000,001-$500 million | Raymond James & Associates, Inc. · investment banker · $150K/mo · Restructuring Transaction Fee $2,500,000; Business Combination Transaction Fee greater of $3,500,000 and 2.25% of Transaction Value [Docket fee application](https://storage.courtlistener.com/recap/gov.uscourts.txsb.461843/gov.uscourts.txsb.461843.1722.0.pdf) · FTI Consulting, Inc. · restructuring advisor · $1125–1495/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.txsb.461843/gov.uscourts.txsb.461843.282.0.pdf) · Pachulski Stang Ziehl & Jones LLP · debtor counsel · $895–1995/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.txsb.461843/gov.uscourts.txsb.461843.281.0.pdf) | — |
| Cash Cloud, Inc. (Coin Cloud) — Bankr. D. Nev. 23-10423 · filed 2023-02-07 | $100,000,001-$500 million | Province, LLC · financial advisor · Restructuring Fee 3% of value of all debt and equity financing at plan effective date (excluding Company Lender loans); Arranger Fee also provided · $860–1350/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.nvb.409411/gov.uscourts.nvb.409411.15.0.pdf) · Fox Rothschild LLP · debtor counsel · $310–1450/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.nvb.409411/gov.uscourts.nvb.409411.13.0.pdf) | — |
| Genesis Global Holdco, LLC — Bankr. S.D.N.Y. 23-10063 · filed 2023-01-19 | $100,000,001-$500 million (Genesis Global Holdco, LLC entity petition only) | Moelis & Company LLC · investment banker · $200K/mo · Restructuring Fee $10,000,000; Sale Transaction Fee $10,000,000 [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.nysb.314889/gov.uscourts.nysb.314889.68.0.pdf) · Cleary Gottlieb Steen & Hamilton LLP · debtor counsel · $1730–2135/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.nysb.314889/gov.uscourts.nysb.314889.69.0.pdf) | — |
| Performance Powersports Group Investor, LLC — Bankr. D. Del. 23-10047 · filed 2023-01-16 | $100,000,001-$500 million (consolidated) | Triple P Securities, LLC · investment banker · $50K/mo · Restructuring Fee $1,250,000; Sale Transaction Fee = Restructuring Fee plus 5% of Aggregate Consideration above $100,000,000 [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.188872/gov.uscourts.deb.188872.65.0.pdf) · Triple P RTS, LLC · restructuring advisor · $800–975/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.188872/gov.uscourts.deb.188872.65.0.pdf) · Klehr Harrison Harvey Branzburg LLP · debtor counsel · $470–1035/h top tier [Docket retention application](https://storage.courtlistener.com/recap/gov.uscourts.deb.188872/gov.uscourts.deb.188872.62.0.pdf) | — |

Coverage: 95 professionals across 46 cases, taken from documents available on CourtListener RECAP. Some large cases lack terms because the filings are not in that archive. Case-wide fee totals are available for four cases. Out-of-court restructurings are not covered.

Deal Cost Index. Data: CC BY 4.0.