The LoPucki-Doherty Professional Fees Calculator: Prediction

Enter an estimate of a large public company's assets at filing, click on "Calculate," and the program predicts the total professional fee and expense awards from filing through confirmation. Additional input increases prediction accuracy.

Example    Input       Click here to obtain input data for BRD cases
4,200,000,000   Enter debtor's assets at filing (from the petition, in dollars). REQUIRED
no   Select "yes" if the plan was prepackaged, "no" if it was not.
no   Select "yes" if the plan was prenegotiated, "no" if it was not.
shop   Select "home" if the case is at debtor's headquarters, "shop" if not.
2001   Enter filing year to control for the trend in fees over time.
4,196,600,000   Enter debtor's total revenues in last year ended before filing (in dollars).
$52,994,569   We can be 85% confident the fees & expenses will not be less than this.
$61,355,784   We predict the court will award this amount of fees & expenses.
$71,036,188   We can be 85% confident the fees & expenses will not be more than this.

Calculations are based on the regression model in table 3.1, from Lynn M. LoPucki & Joseph W. Doherty, Professional Fees in Corporate Bankruptcies: Data, Analysis, and Evaluation (Oxford 2011). For filing years from 2008 through 2010, the output figures include an adjustment for inflation at the Consumer Price Index (CPI for All Urban Consumers 1982 ‒ 84 = 100) rate for the filing year. No additional adjustment is made for years after 2010.

The BRD has been supported by grants from these organizations:

National Conference of Bankruptcy Judges

Turnaround Management Association

American Bankruptcy Institute

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