Source: http://www4.law.cornell.edu/uscode/text/11/326?quicktabs_8=3
Timestamp: 2013-12-10 12:14:48
Document Index: 209222738

Matched Legal Cases: ['§ 326', '§ 326', '§ 326', '§ 430', '§ 209', '§ 107', '§ 48', '§ 430', '§ 430', '§ 201']

11 USC § 326 - Limitation on compensation of trustee | Title 11 - Bankruptcy | U.S. Code | LII / Legal Information Institute
USC › Title 11 › Chapter 3 › Subchapter II › § 326	prevnext
11 USC § 326 - Limitation on compensation of trustee
In a case under chapter 12 or 13 of this title, the court may not allow compensation for services or reimbursement of expenses of the United States trustee or of a standing trustee appointed under section 586
(b) of title 28, but may allow reasonable compensation under section 330 of this title of a trustee appointed under section 1202
(a) or 1302
(a) of this title for the trustee’s services, payable after the trustee renders such services, not to exceed five percent upon all payments under the plan.
The court may deny allowance of compensation for services or reimbursement of expenses of the trustee if the trustee failed to make diligent inquiry into facts that would permit denial of allowance under section 328
(c) of this title or, with knowledge of such facts, employed a professional person under section 327 of this title.
(Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2562; Pub. L. 98–353, title III, § 430(a), (b),July 10, 1984, 98 Stat. 369; Pub. L. 99–554, title II, § 209,Oct. 27, 1986, 100 Stat. 3098; Pub. L. 103–394, title I, § 107,Oct. 22, 1994, 108 Stat. 4111.)
Section 326(a) of the House amendment modifies a provision as contained in H.R. 8200 as passed by the House. The percentage limitation on the fees of a trustee contained in the House bill is retained, but no additional percentage is specified for cases in which a trustee operates the business of the debtor. Section 326(b) of the Senate amendment is deleted as an unnecessary restatement of the limitation contained in section 326
(a) as modified. The provision contained in section 326(a) of the Senate amendment authorizing a trustee to receive a maximum fee of $150 regardless of the availability of assets in the estate is deleted. It will not be necessary in view of the increase in section 326
(a) and the doubling of the minimum fee as provided in section 330
Section 326(b) of the House amendment derives from 326(c) of H.R. 8200 as passed by the House. It is a conforming amendment to indicate a change with respect to the selection of a trustee in a chapter 13 case under section 1302
Subsection (b) of this section entitles an operating trustee to a reasonable fee, without any limitation based on the maximum provided for a liquidating trustee as in current law, Bankruptcy Act § 48c(2) [section 76(c)(2) of former title 11].
1994—Subsec. (a). Pub. L. 103–394substituted “25 percent on the first $5,000 or less, 10 percent on any amount in excess of $5,000 but not in excess of $50,000, 5 percent on any amount in excess of $50,000 but not in excess of $1,000,000, and reasonable compensation not to exceed 3 percent of such moneys in excess of $1,000,000” for “fifteen percent on the first $1,000 or less, six percent on any amount in excess of $1,000 but not in excess of $3,000, and three percent on any amount in excess of $3,000”.
1986—Subsec. (b). Pub. L. 99–554amended subsec. (b) generally, substituting “under chapter 12 or 13 of this title” for “under chapter 13 of this title”, “expenses of the United States trustee or of a standing trustee appointed under section 586
(b) of title 28” for “expenses of a standing trustee appointed under section 1302
(d) of this title”, and “under section 1202
(a) of this title” for “under section 1302
1984—Subsec. (a). Pub. L. 98–353, § 430(a), substituted “and three percent on any amount in excess of $3000” for “three percent on any amount in excess of $3,000 but not in excess of $20,000, two percent on any amount in excess of $20,000 but not in excess of $50,000, and one percent on any amount in excess of $50,000”.
Subsec. (d). Pub. L. 98–353, § 430(b), amended subsec. (d) generally. Prior to amendment, subsec. (d) read as follows: “The court may deny allowance of compensation for services and reimbursement of expenses of the trustee if the trustee—
“(1) failed to make diligent inquiry into facts that would permit denial of allowance under section 328
Until the amendments made by subtitle A (§§ 201 to 231) of title II of Pub. L. 99–554become effective in a district and apply to a case, for purposes of such case any reference in subsec. (b) of this section—
(2) to section 1302
(d) of this title is deemed to be a reference to section 1302
(d) of this title or section 586
(b) of Title 28, Judiciary and Judicial Procedure, and
(3) to section 1302
(a) of this title is deemed to be a reference to section 1202
see section 302(c)(3)(A), (d), (e) ofPub. L. 99–554, set out as an Effective Date note under section 581 of Title 28.