Five years later, bankrupt company's bills continue to mount

Adam Bell of The Charlotte (N.C.) Observer analyzed several years of records from the U.S. Bankruptcy Court to detail how five years after Pillowtek, a major textile company, abruptly closed — leaving 7,650 people out of work — the bills for lawyers and other professionals handling the case have topped $33 million, and continue to mount. "That sum is about double the total that bankruptcy expert Lynn LoPucki had expected to see, based on his study of other cases and the size of assets when Pillowtex entered bankruptcy."

Based on the size and asset base of the company, one bankruptcy expert said these fees were double that of .