Increases pay for bankruptcy trustees and extends terms for some bankruptcy judges.
This bill would double the pay for Chapter 7 bankruptcy trustees from $60 to $120 per case, their first raise since 1994. It would also extend the terms of several temporary bankruptcy judge positions from 5 to 10 years. These changes aim to support the bankruptcy system without using taxpayer money, by adjusting fees collected from bankruptcy cases.
Currently, Chapter 7 bankruptcy trustees receive $60 per case, a rate unchanged since 1994, and some temporary bankruptcy judge positions are set to expire after 5 years. After this bill, Chapter 7 trustees would receive $120 per case, and the terms for those temporary judge positions would be extended to 10 years. These changes would be funded by adjusting existing bankruptcy fees, not by increasing Chapter 7 filing fees or using taxpayer money.
S 3424 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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