Enron Still Piling Up Debt

[dArKeR]

Executives from failed energy giant Enron reportedly say its total legal and accounting costs since declaring bankruptcy may top $1 billion by 2006.

According to the Houston Chronicle, the company whose filing led a wave of corporate scandals has already exceeded $500 million in legal and accounting fees since the company filed for reorganization on Dec. 2, 2001.

The paper reports that even after Enron gains approval for its reorganization plan, the company's budget estimates more than $300 million will be spent - more than any company has ever spent confirming a Chapter 11 bankruptcy plan.

http://www.cbsnews.com/stories/2003/10/30/national/main581021.shtml