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Bankruptcy could cost Detroit 100-million dollars

DETROIT (WKZO) -- A bankruptcy filing could cost Detroit more than 100-million dollars in legal fees.  So far the law firm Jones Day has accrued 1.4-million dollars in fees in its efforts to help the city restructure.

Chrysler paid Jones Day more than 43-million dollars to handle its 2009 Chapter 11 filing. General Motors paid another firm 72-million to handle its bankruptcy.  If Detroit does file for bankruptcy it would reportedly be the largest municipal bankruptcy in the nation's history.

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