U.S. Trustee Program Proposes Fee Hike

Law360, New York (August 13, 2007, 12:00 AM EDT) -- The United States Trustee Program, which oversees bankruptcy cases throughout the country, has proposed raising quarterly fees paid by bankrupt companies by 30%, and tripling them for very large companies, according to reports published Monday.

The increase, to take effect at the beginning of the 2008 fiscal year, would provide extra funds to the U.S. Trustee's office needed to fulfill its new oversight responsibilities in small business filings, which it assumed under a recently passed federal law. The fees are also intended to discourage businesses from...
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