You are here

Announcement: Bankruptcy Administration Improvement Act, 2020 11 U.S.C. § 330(e)—Chapter 7 Trustee Fund Update May 2, 2024

Thursday, May 2, 2024

The Department of Justice has announced that there are insufficient funds available for transfer under 11 U.S.C. § 589(a)(f)(1) to pay chapter 7 trustee compensation under 11 U.S.C. § 330(e) in applicable (FY) 2023 cases. In accordance with 11 U.S.C. § 330(e)(4) and the regulations, the amount for payment in applicable FY 2023 case is therefore $0.

 Despite there being no funds available for applicable FY 2023 cases, trustees should still file their payment eligibility certifications in applicable FY 2024 cases. Additional information is provided on the Bankruptcy Administration Improvement Act Chapter 7 Trustee Payments page, and more information will be posted on this page about FY 2024 cases when it becomes available.