24/7 work schedules not uncommon in corporate bankruptcies

Judge assures WaMu’s creditors that the hours they see on the bills are not, in fact, fraud

Creditors of Washington Mutual Bank’s (WaMu) parent company suspected fraud when Judge Mary Walrath approved the final fees in the bankruptcy case this week. The bills showed people working 24 hours a day, with no breaks for weeks. That couldn’t be right, they said.

Actually, it could. Walrath was nowhere near as surprised to see such strenuous work hours as the creditors were. She was a bankruptcy lawyer before she was a judge, and knows that a 24/7 work schedule is business as usual for large corporate bankruptcies.

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