Are Ch. 11 Professional Fees on the Upswing? Case Data Says, “Not Really”
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November 26, 2025
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This article was published in American Bankruptcy Institute November 2025: https://www.abi.org/abi-journal/are-ch-11-professional-fees-on-the-upswing-case-data-says-not-really
The idea that chapter 11 professional fees are “on the rise” has become common shorthand in the restructuring world, but is it accurate?
Our experts take a closer look at 326 chapter 11 cases with more than $100 million in liabilities, from 2019–2024 and turn a common narrative on its head: restructuring fees aren’t rising—they’re holding steady, with outliers driving the noise. The analysis compares fee patterns across filing paths, case sizes, and restructuring strategies to determine what’s really happening beneath the headlines. The result is a deeper understanding of how factors like case design, duration, and complexity shape costs, and why a few extraordinary cases may be distorting the broader conversation.
Download the article for the full findings about prepacks, freefalls, §363 sales, and the true drivers of case complexity.
Reprinted with permission from the ABI Journal, Vol. XLIV, No. 11, November 2025.
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November 26, 2025
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