HR 6349 · 112th Congress · Finance and Financial Sector

Bankruptcy Administration Improvement Act of 2012

Introduced 2012-08-02· Sponsored by Rep. Ross, Dennis A. [R-FL-12]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Courts, Commercial and Administrative Law.(2012-09-07)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

1 Democrat2 Republicans