Bill > S3424

This bill, the Bankruptcy Administration Improvement Act of 2025, aims to improve the bankruptcy system by increasing the compensation for Chapter 7 bankruptcy trustees, who administer cases where individuals or businesses liquidate assets to pay creditors, and by extending the terms of certain temporary bankruptcy judgeships. Specifically, it raises the compensation for these trustees from $60 per case to $120, acknowledging that their pay has not increased since 1994 despite rising costs and the essential services they provide, such as returning assets to government creditors and disbursing funds to private creditors. The bill also adjusts various bankruptcy fees to ensure the United States Trustee System Fund, which supports the oversight of bankruptcy cases, remains adequately funded, and extends the terms of certain temporary bankruptcy judgeships from five to ten years to address current and anticipated caseloads. These changes are intended to keep the bankruptcy system self-funding without burdening taxpayers and to preserve the necessary judicial resources.

https://www.congress.gov/bill/119th-congress/senate-bill/3424/all-info