[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4950 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 4950

  To provide for improvements to the administration of bankruptcy in 
      cases under chapter 7 of title 11 of the United States Code.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 25, 2010

Mr. Cohen (for himself, Mr. Whitfield, and Mr. Conyers) introduced the 
  following bill; which was referred to the Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
  To provide for improvements to the administration of bankruptcy in 
      cases under chapter 7 of title 11 of the United States Code.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Chapter 7 Bankruptcy Administration 
Improvement Act of 2010''.

SEC. 2. COMPENSATION FOR BANKRUPTCY TRUSTEES.

    (a) New Asset Adjustments.--Section 326(a) of title 11, United 
States Code, is amended by striking ``(a) In a case under chapter 7 or 
11'' and inserting the following:
    ``(a)(1) In a case under chapter 7, the court may allow reasonable 
compensation under section 330 of this title of the trustee for the 
trustee's services, payable after the trustee renders such services, 
not to exceed 25 percent on the first $50,000 or less, 15 percent on 
any amount in excess of $50,000 but not in excess of $250,000, 5 
percent on any amount in excess of $250,000 but not in excess of 
$1,000,000, and 3 percent on any amount in excess of $1,000,000, upon 
all moneys disbursed or turned over in the case by the trustee to 
parties in interest, excluding the debtor, but including holders of 
secured claims.
    ``(2) In a case under chapter 11''.
    (b) Compensation.--Section 330(a)(7) of title 11, the United States 
Code, is amended to read as follows:
    ``(7) In determining the amount of reasonable compensation to be 
awarded to a trustee under chapter 7, the court shall treat such 
compensation as a commission, based on section 326(a)(1).''.

SEC. 3. APPLICATION OF AMENDMENTS.

    The amendments made by this Act shall not apply with respect to 
cases commenced under title 11 of the United States Code before the 
date of the enactment of this Act.
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