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HR 6349 112th Congress House Finance and Financial Sector Bankruptcy Employee benefits and pensions User charges and fees Wages and earnings

Bankruptcy Administration Improvement Act of 2012

Introduced: August 2, 2012 See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 7, 2012
Referred to the Subcommittee on Courts, Commercial and Administrative Law.
Aug 2, 2012
Referred to the House Committee on the Judiciary.
Aug 2, 2012
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now September 7, 2012

Referred to the Subcommittee on Courts, Commercial and Administrative Law.

 Committees of jurisdiction 2