HEARING ON CHAPTER 7 BANKRUPTCY TRUSTEE RESPONSIBILITIES AND REMUNERATION

Introduction by Vijay Malik

The House Judiciary Committee's Subcommittee on Courts, Commercial and Administrative Law recently heard testimony regarding the compensation for trustees in Chapter 7 bankruptcy cases.  Subcommittee member John Conyers Jr. (D-Mich.) opened the hearing by saying he was “taken aback by the fact that we are studying this like it's a rocket science matter…we’re not paying Chapter 7 trustees adequately, everyone agrees on that.”

Echoing this sentiment, the first witness to address the Subcommittee, Robert Furr, past president of the National Association of Bankruptcy Trustees (NABT), argued that while trustee . . .

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