This bill raises the pay for bankruptcy trustees to better reflect their work and ensures the bankruptcy system is financially stable. It helps maintain the necessary judges to manage increasing bankruptcy cases.
If you are a bankruptcy trustee, your compensation for handling cases could double under this bill.
Who this affects
Bankruptcy trustees · Individuals filing for bankruptcy
What changes is this bill making?
1This bill increases the pay for bankruptcy trustees from $60 to $120 per case.
2It ensures that the bankruptcy system remains self-funded without costing taxpayers.
3The bill maintains the current filing fees for bankruptcy cases.
4It extends the terms of certain temporary bankruptcy judges to handle more cases.
5The bill aims to support the financial stability of the bankruptcy system.
