Bill > S1659

This bill aims to improve the bankruptcy administration system by addressing several key aspects of bankruptcy proceedings. The legislation increases compensation for Chapter 7 bankruptcy trustees from $60 to $120 per case, reflecting the first such increase since 1994 and accounting for inflation. It also modifies the fee structure for bankruptcy proceedings, including extending the period for quarterly fees from 5 to 10 years and adjusting the percentage rates. The bill extends the terms of certain temporary bankruptcy judge positions from 5 to 10 years, ensuring continued judicial capacity to handle existing and anticipated increases in bankruptcy caseloads. Additionally, the legislation ensures that the United States Trustee System remains self-funded by redistributing filing fees, with portions going to the Treasury's special fund and the United States Trustee System Fund. The bill explicitly maintains the current ability of courts to waive filing fees for indigent individuals and does not alter the basic Chapter 7 filing fee. These changes are designed to support the bankruptcy system's efficiency, fairness, and financial sustainability, with most provisions set to take effect on the first October 1 following the bill's enactment.

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https://www.congress.gov/bill/119th-congress/senate-bill/1659/all-info