Play Live Radio
Next Up:
Available On Air Stations
Get entered for two chances to win tickets to see Hamilton in Boston with your gift today!

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

isaacson shot (Medium).JPG

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.



You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.