Nonpartisan civic infrastructure
AllCiv·Legis1
·

H.R. 6349

BillFederalHouseIn Committee
Bankruptcy Administration Improvement Act of 2012
About This Bill
Committee
Latest Action · September 7, 2012
Referred to the Subcommittee on Courts, Commercial and Administrative Law.
Congress
112th (2011–2013)
Introduced
August 2, 2012
Cosponsors (3)
1D 2R
View PDF ↗

Summary

Highlight any text to annotate
Bankruptcy Administration Improvement Act of 2012 - Amends federal bankruptcy law to: (1) round to the nearest $5 any Consumer Price Index (CPI) increase in the trustee fee for services rendered in a case under chapter 7 (Liquidation); (2) increase that fee from $15 to $75; and (3) authorize the court, in determining the amount of reasonable compensation to be awarded to a trustee under chapter 7, to treat such compensation as a commission. Prohibits the waiver of the trustee fee if an individual debtor is able to pay in installments in chapter 7 cases. Repeals the requirement that, when a trustee is not serving a chapter 7 case involving an employee benefit plan, the debtor continue to perform the obligations required of the plan administrator if at the time of the commencement of the case the debtor (or a designee entity) served as the administrator. Repeals the duty of a trustee, in such a circumstance, to continue to perform such administrative obligations.

Take Action

Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.