Re: Questions about First Gold Bankruptcy payments
in response to
by
posted on
Jun 04, 2011 01:28PM
In Chapter 7 BK
Hi Agoracom Staff,
I'm new today 6/4/11 & I'm not really sure how all this works or if you would have any answers for my questions. I just had a question about how it would seem "fair & justifiable" for the bankruptcy judge to authorize payment of $204,242.40 to an attorney for four months legal representation (from July 20, 2010 to December 31, 2010); when it seems this money should be paid out to the creditors listed in the bankruptcy from its onset (even though they included all of themselves as creditors, shareholders & officers of First Gold that were owed back wages).
I know that the attorneys know all the "legal loop holes" to get themselves paid & the judge is some what bound by the laws. I understand that the creditors can file legal "oppositions to the motion for payment," but most of these creditors have no money to hire their own attorney, a few have even lost their homes over the lost back pay wages & First Gold also owes taxes to Pershing County, Nevada.
I would appreciate any of your comments or advise on help for the creditors. I really don't even care that I get paid but I certainly don't think the attorneys should get paid. They have done this repeatedly, hiring new legal representation over & over until they back out or get a huge chunk of money out of the bankruptcy.
Thank you for your time. Carol