House Bill Would Slash Trustee Program's Budget

Law360, New York (August 13, 2007, 12:00 AM EDT) -- The House of Representatives Appropriations Committee's pointed criticism of the U.S. Trustee Program and its dramatic attempt to dock the office's funding about $34 million is likely to have a heavy effect on consumer bankruptcies, but is not expected to scathe the big corporate cases.

The committee's Commerce, Justice, Science and Related Agencies Appropriations Bill for 2008, which the House passed on to the Senate on July 30, would lower the Trustee System Fund's allowance to $189 million for fiscal 2008, down from $223 million the...
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