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Bankruptcy Trustee Compensation Calculator. Free Calculator to Determine the Bankruptcy Trustee's Fee in a Chapter 7 and Chapter 11 Bankruptcy.
A Chapter 7 trustee receives a nominal portion of the debtor's filing fee and a percentage of the debtor's property sales proceeds, plus costs. A Chapter 13 trustee receives a percentage of the monthly amount the debtor pays creditors through the Chapter 13 repayment plan.
In a case under chapter 7 or 11, other than a case under subchapter V of chapter 11, the court may allow reasonable compensation under section 330 of this title of the trustee for the trustee’s services, payable after the trustee renders such services, not to exceed 25 percent on the first $5,000 or less, 10 percent on any amount in excess of ...
chapter 7 of title 11 of the United States Code (“Bankruptcy Code”). The chapter 7 trustee, as the estate representative responsible for the recovery, preservation, liquidation, and distribution of chapter 7 estates, serves as a fiduciary to various parties in interest in a case.
Chapter 7 Trustees are compensated in two ways. First, they receive a flat $60 fee per case. Second, in the event there are assets to liquidate, the trustee will receive "reasonable" compensation in accordance with 11 U.S.C. §§ 326 (a) and 330 (a).
How a Chapter 7 Trustee Gets Paid. In a Chapter 7 case, the trustee has two potential income sources. $60 administration fee. The trustee receives a $60 administrative fee from the bankruptcy filing fees you pay to the court clerk when you file the case. Eligible Chapter 7 trustees can receive up to $60 more per case when funds are available ...
Trustee Compensation Calculator. The following is a useful tool for determining the guideline compensation for a particular given value. Input the desired value under "Enter Value." Then click the "Calculate" button at the bottom and view the result in the "Guideline Fee" column.