Fiduciary Standards in the Administration of Bankruptcy Estates Act of 1992

Summary

Fiduciary Standards in the Administration of Bankruptcy Estates Act of 1992 - Amends Federal bankruptcy law to impose a civil penalty upon bankruptcy trustees who fail to file status reports and other requisite reports upon the request of the United States trustee. Amends the Federal judicical code to direct the Attorney General to prescribe standards for proper case administration by bankruptcy trustees. Sets forth grounds upon which the Attorney General is empowered to remove a bankruptcy trustee for unsound fiduciary practices. Amends Federal bankruptcy law to expand the duties of United States Trustees. Amends Federal criminal law with respect to violations of bankruptcy fiduciary standards to reflect the role of the United States trustee as set forth in this Act.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

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• Introduced in Senate

  summary · EN · 12 August 1992

  Open at official source

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