Voyager Digital to Pay $1.1 Million in Legal Fees Amid Bankruptcy

Voyager Digital's Bankruptcy Payment Obligation

Voyager Digital, a bankrupt crypto brokerage, is required to pay $1.1 million to its legal adviser, Kirkland & Ellis. This payment covers the legal fees and expenses incurred during the company's bankruptcy proceedings held in April.

Legal Fees and Expenses Overview

The law firm Kirkland & Ellis charged a blended hourly billing rate of $1,313.18. This rate was applied to a range of services provided throughout April. The total fees for these legal services, which included work from both attorneys and paralegals, exceeded $1.4 million.

Implications for Voyager Digital

This obligation highlights the financial burdens associated with bankruptcy proceedings. For Voyager Digital, ensuring the payment of these legal fees is a critical step in navigating the complexities of its financial restructuring.

Kirkland & Ellis's Role

Kirkland & Ellis played a significant role in advising Voyager Digital through its bankruptcy process. The firm's expertise was instrumental in managing various legal aspects, which is reflected in the substantial fees accrued.

Conclusion

Voyager Digital's financial obligations continue to mount as it addresses the costs associated with its bankruptcy. The payment to Kirkland & Ellis underscores the significant expenses involved in obtaining expert legal guidance during such challenging times.