Update: Trustee payments under 330(e) are not available at this juncture. We will update this information as soon as we are able to start processing these payments.
On January 12, 2021, the President signed into law the Bankruptcy Administration Improvement Act of 2020 (BAIA). BAIA amends 11 U.S.C. § 330 to include a subsection (e) that establishes a new payment for trustees serving in chapter 7 bankruptcy cases, funded by excess collections of quarterly fees in chapter 11 bankruptcy cases.
A chapter 7 trustee serving in a case filed under chapter 7 on or after January 12, 2021, and through September 30, 2026 (or a case originally filed under chapters 11, 12, or 13 on or after January 12, 2021, and later converted to chapter 7 on or before September 30, 2026), is eligible to receive up to $60 in compensation for each applicable case. The amount of the §330(e) payments will be determined annually.
This new payment supplements the existing payment for trustees serving in chapter 7 cases. The trustees will receive this new payment from the Chapter 7 Trustee Fund established by section 330(e)(1). Chapter 7 Trustees will be required to certify that they are eligible to receive the payment through the filing of a new CM/ECF event. Use of any other CM/ECF event will result in a delay in payment or failure of the Chapter 7 Trustee being identified as eligible for payment.
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