US HB6349 | 2011-2012 | 112th Congress

Status

Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on August 2 2012 - 25% progression, died in committee
Action: 2012-09-07 - Referred to the Subcommittee on Courts, Commercial and Administrative Law.
Pending: House Subcommittee on Courts, Commercial and Administrative Law Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

Bankruptcy Administration Improvement Act of 2012

Sponsors


History

DateChamberAction
2012-09-07HouseReferred to the Subcommittee on Courts, Commercial and Administrative Law.
2012-08-02HouseReferred to the House Committee on the Judiciary.

Subjects


US Congress State Sources


Bill Comments

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