Tops Market Bankruptcy To Cost Over 1 Million Dollars
It looks like the cost of filing for Bankruptcy really adds up!
According to a report in the Buffalo News, the cost of Tops Markets to file for bankruptcy is now over one million dollars are growing!
Th majority of the cost has come from the services of a consulting firm;
The bulk of the professional services expenses are for FTI Consulting, the financial restructuring firm that is taking a lead role in Tops' restructuring efforts. FTI's expenses from the time Tops filed for Chapter 11 bankruptcy on Feb. 21 through the end of March totaled $882,300,
The rest of the cost is attributed to the Evercore Group, which is the investment bank for Tops.
Tops Markets first filed for bankruptcy in February of 2018