The investment bank Lehman Brothers Holding Inc., which is in bankruptcy liquidation, paid advisers $641.9 million in sixteen months.

According to a filing with the United States Securities and Exchange Commission, the restructuring firm Alvarez & Marsal LLC, the former home of Lehman chief executive officer, Bryan Marsal, tops the list of payments with $233 million in fees for “interim management.” Another $149.5 million was paid to executives at Weil Gotshal & Manges LLP and Milbank Tweed Hadley & McCloy LLP received an additional $42.4 million for advising Lehman’s creditors’ committee.

Lehman and its affiliates listed cash holdings of 17.6 billion at the end of January, an increase of $400 million since the beginning of the year.

If you are a business owner and are struggling to make regular payments on your debts, you may wish to consider filing for bankruptcy to restructure your business. For more information on bankruptcy, please contact a Boston bankruptcy lawyer of Joshua Spirn & Associates by calling 800-975-5346.