2015

2015-2 Trustee Deferral of Fees for Certain Estates

If a trustee in a chapter 7 or 13 case does not have liquid funds available to pay the filing fee for an adversary proceeding, notice of removal, or a motion to convert or reopen a case, the fee may be deferred. The trustee shall pay the fee if and when estate funds become available. The trustee’s signature on a motion to defer the fee shall constitute a sworn statement that there are insufficient funds in the estate to pay the fee. Upon filing the motion, the trustee shall submit an order permitting the fee to be deferred.

2015-3 Disclosure of Compensation to Debtor’s Principals and Insiders in Chapter 11 Cases

On or before the date the schedules, statements and other documents required by BR 1007(b) must be filed, the debtor in possession shall file a notice of compensation. The notice of compensation shall disclose: 1) the post-petition compensation the debtor in possession intends to pay insiders as defined by Code § 101(31) from the petition date until confirmation; 2) the compensation the debtor in possession paid to each of those persons within the two-year period prior to the petition date; and 3) the source of such compensation.

2015-1 Trustee Payment of Routine Expenses

The trustee is authorized to pay routine, reasonable, and necessary administrative expenses, except for professional fees, of $1,000 or less per expense, up to an aggregate of $2,500. Neither notice to creditors nor a court order is required for such payments, provided the funds used are not a creditor’s cash collateral or otherwise encumbered.

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