S. 3424
Raises bankruptcy trustee pay and extends judgeships
Increases the money bankruptcy trustees get in liquidation cases, keeps quarterly fees in reorganization cases for five more years, and extends temporary judgeships.
- Trustees in Chapter 7 liquidation cases get more money out of case fees
- Quarterly fees paid to the U.S. trustee in Chapter 11 cases continue for five more years
- The fee percentage goes up for cases with large payouts, within set limits
- Temporary bankruptcy judgeships in several districts last five more years
Became law · Public Law 119-76