United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office General Government Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1994-07-13 monographic deposited born digital GA 1.13:GGD-94-173 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-94-173 P0b002ee180379a21 f:gg94173 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GGD-94-173 machine generated eng fdlp REPORT GAOREPORTS-GGD-94-173 GGD-94-173 Bankruptcy Compensation Administrative costs Legal fees Assets Civil procedure Claims settlement Debt collection Check disbursement or control Letter Report GGD Businesses or individuals who file for Chapter 7 bankruptcy surrender their nonexempt assets to a trustee, who converts them to cash for distribution to creditors. Congress is considering changes in the bankruptcy system that would increase compensation to trustees. Many trustees have said that they are inadequately compensated under the current fee system. This report provides information on the total amount and distribution of bankruptcy estate receipts in cases terminated under Chapter 7 of the bankruptcy code in statistical years 1991 and 1992. GAO discusses the amount of total receipts paid to professionals, including trustees, attorneys, and other professionals, such as accountants and appraiser; to creditors; and to others, such as debtors. https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-94-173/html/GAOREPORTS-GGD-94-173.htm GAO/GGD-94-173 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-94-173 Letter Report GAO/GGD-94-173; Bankruptcy Administration: Case Receipts Paid to Creditors and Professionals; Bankruptcy Compensation Administrative costs Legal fees Assets Civil procedure Claims settlement Debt collection Check disbursement or control