Bankruptcy Administration Improvement Act of 2012

Summary

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.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 August 2012

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• Introduced in House (PDF)

  Introduced in House · EN · 2 August 2012

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• Introduced in House

  summary · EN · 2 August 2012

  Open at official source

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