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Bankruptcy

: Bankruptcy Law Network

What Do Chapter 7 Trustees Dream About? CASH!

By Russell A. DeMott, Charleston Bankruptcy Lawyer

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Chapter 7 trustees are paid the small sum of $60 for administering each case.  The real money a trustee makes is from finding and selling assets, and no asset is more favored than cash. According to the statutory formula, in addition to the paltry fee of $60 per case, Chapter 7 trustees are paid a commission [...]

Full post as published by Bankruptcy Law Network on December 18, 2009 (boomark / email).

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