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Witnesses urge Congress to raise Chapter 7 trustee pay, extend temporary bankruptcy judgeships
Summary
Judges and practitioners told the House Judiciary subcommittee that chapter 7 trustee pay has not kept pace with costs since 1994 (no-asset fee $60) and recommended statutory increases and extension of temporary judgeships included in bipartisan legislation.
Judges and practitioners told the House Judiciary subcommittee that compensation for Chapter 7 trustees and the number of bankruptcy judges are administrative issues Congress should address to preserve access to the bankruptcy system.
Judge Paul Black testified that the no-asset fee for chapter 7 trustees has not meaningfully increased since 1994 (he noted a rise from $45 to $60 in 1994) and that trustees perform significant review and oversight tasks even in ‘‘no…
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