Doral Financial Corporation (d/b/a Doral Financial Puerto Rico Corporation) Bankruptcy New Filing Alert: Application For Interim Approval Of Professional Compensation

On November 12, 2015, an application for interim approval of professional compensation was filed in the bankruptcy case of Doral Financial Corporation (d/b/a Doral Financial Puerto Rico Corporation) and its affiliates.

The filing was assigned docket number 383 and is described on the court’s official docket as follows:

Second Application for Interim Professional Compensation of Schulte Roth & Zabel LLP, As Counsel To The Official Committee Of Unsecured Creditors, For Allowance And Payment Of Compensation For Professional Services Rendered And For Reimbursement Of Actual And Necessary Expenses Incurred From August 1, 2015 Through And Including October 31, 2015 for Schulte Roth & Zabel LLP, Creditor Comm. Aty, period: 8/1/2015 to 10/31/2015, fee:$409,400.10, expenses: $9,649.60. filed by Taejin Kim with hearing to be held on 12/3/2015 at 10:00 AM at Courtroom 623 (SCC) Responses due by 12/1/2015,. (Kim, Taejin)

Doral Financial Corporation (d/b/a Doral Financial Puerto Rico Corporation) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 11, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 15-10573. The bankruptcy case is currently assigned to United States Bankruptcy Judge Shelley Chapman. The law firm of Ropes & Gray LLP is acting as lead bankruptcy counsel to Doral Financial Corporation (d/b/a Doral Financial Puerto Rico Corporation) in the bankruptcy case.

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