H.R. 6349 · 112th Congress
Bankruptcy Administration Improvement Act of 2012
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
RossSponsor3 cosponsors · 1 D, 2 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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…
What it does: CRS summary · Introduced in House · Aug 2, 2012
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Bankruptcy Administration Improvement Act of 2012
Latest action (Sep 7, 2012): Referred to the Subcommittee on Courts, Commercial and Administrative Law.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Aug 2, 2012
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.