Bankruptcy Administration Improvement Act of 2012
Latest action · Sep 7, 2012 Referred to the Subcommittee on Courts, Commercial and Administrative Law.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedAug 2, 2012
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Bankruptcy Administration Improvement Act of 2012 - Amends federal bankruptcy law to: (1) round to the nearest $5 any Consumer Price Index (CPI) increase in the trustee fee for services rendered in a case under chapter 7 (Liquidation); (2) increase that fee from $15 to $75; and (3) authorize the court, in determining the amount of reasonable compensation to be awarded to a trustee under chapter 7, to treat such compensation as a commission.
Prohibits the waiver of the trustee fee if an individual debtor is able to pay in installments in chapter 7 cases.
Repeals the requirement that, when a trustee is not serving a chapter 7 case involving an employee benefit plan, the debtor continue to perform the obligations required of the plan administrator if at the time of the commencement of the case the debtor (or a designee entity) served as the administrator. Repeals the duty of a trustee, in such a circumstance, to continue to perform such administrative obligations.
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from Aug 2, 2012 to Sep 13, 2012, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-GA | Henry C. "Hank" Johnson, Jr. | Original | Aug 2, 2012 |
| R-NC | Howard Coble | Original | Aug 2, 2012 |
| R-AR | Tim Griffin | Sep 13, 2012 |
Actions 3
Everything that happened, newest first.
- Sep 7, 2012Referred to the Subcommittee on Courts, Commercial and Administrative Law.
- Aug 2, 2012Introduced in House
- Aug 2, 2012Referred to the House Committee on the Judiciary.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Aug 2, 2012Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.