Nov. 6 (Bloomberg) -- Chrysler LLC, now known as Old Carco LLC, asked for court permission to use $302 million in its accounts to wind down its bankruptcy, allotting $30 million more for legal and financial advisers.

Chrysler said it has $260 million set aside in an account from its U.S. loan, plus $42 million from other sources. The budget for its wind-down includes $15 million for two law firms, Jones Day and Togut, Segal & Segal LLP, and $15 million for financial adviser Capstone Advisory Group.

“No additional liquidation funds shall be used for payment of Capstone’s, Jones Day’s or Togut’s fees, costs and expenses for the period from and after September 1, 2009, except in the case of any extraordinary or unanticipated activities,” Chrysler lawyers at Jones Day wrote in a Nov. 4 court filing.

U.S. Bankruptcy Judge Arthur Gonzalez in New York approved payments last month of about $48 million to 10 lawyers and advisers after eight of Chrysler’s lawyers and advisers agreed to defer or reduce their requests following objections from the U.S. Trustee, an arm of the Justice Department that oversees bankruptcies.

The approved fees included $20.3 million for Jones Day for work done during the four months ended Aug. 31. The proposed wind-down budget would cover work done since Sept. 1.

Chrysler’s wind-down budget also seeks to allot $63 million for sales and use taxes, $50 million for taxes triggered by the Fiat SpA transaction, and a $21 million priority tax claim trust. Any money leftover would go to the company’s so-called debtor-in-possession lender, the U.S. government, when the bankruptcy ends.

The U.S. Treasury Department has said in court documents that it has the right to seize the bankrupt automaker’s $260 million wind-down budget because the company didn’t repay its $3.8 billion debtor-in-possession, or DIP, loan when it came due on June 29.

The case is In re Chrysler LLC, 09-50002, U.S. Bankruptcy Court, Southern District of New York (Manhattan).

To contact the reporter on this story: Tiffany Kary in New York at tkary@bloomberg.net.

Last Updated: November 6, 2009 00:01 EST