The bench, bar, and public have been requested to supply feedback on proposed interim regulations (pdf) for the administration of a brand new cost for trustees serving in Chapter 7 chapter instances beneath the Bankruptcy Administration Improvement Act of 2020.
The remark interval runs from Aug. 30, 2021 to Sept. 17, 2021. events can submit feedback electronically by the regulations.gov portal.
The laws, signed into regulation on Jan. 12, 2021, provides subsection (e) to 11 U.S.C. § 330, establishing a brand new Judiciary cost for Chapter 7 trustees, funded by extra collections within the U.S. Trustee System Fund. The brand new cost dietary supplements the present $60 funds that chapter courts make to trustees serving in Chapter 7 instances beneath part 330(b). To perform these funds, the statute directs the director of the Administrative Workplace of the U.S. Courts to difficulty rules for administering the regulation.
Trustees serving in instances filed beneath or transformed to Chapter 7 from Jan. 12, 2021 to the tip of fiscal yr 2026, will probably be eligible to obtain as much as $60, relying on the provision of funds within the U.S. Trustee System Fund, for every case through which companies have been rendered.
The interim rules for administration of the brand new cost will take impact on Sept. 30, 2021.