North Country
12:09 pm
Wed March 7, 2012

Isaacson Steel Bankruptcy Lawyer's Bill Totals $313,000

The Manchester lawyer who handled the bankruptcy of Isaacson Structural Steel in Berlin will receive about $313,000 for his work if a federal judge approves.

In a recent filing William Gannon asked the judge for $191,000 for his work between September 1st and February 29th.

Previously the judge approved about $122,000 for work between June 22ndand August 31.

In the filing Gannon said he worked about 444 hours at $400 an hour in addition to work done by his staff.

He has said much of his work involved trying to find a buyer who would save the jobs and continue to operate the business.

Isaacson sold last month for $2.4 million to three companies that specialize in selling off industrial equipment.

Isaacson’s roughly 120 employees are in the process of being laid off, according to New Hampshire Employment Security.

Earlier a smaller part of the business sold to a Whitefield firm, Presby Environmental.

Gannon’s fee is equal to about 12 percent of what Isaacson sold for.