Timing of Fee Applications

Posted By General
December 04, 2024 Category: General

Attorneys should be filing fee applications as soon as the case is confirmed. If the Confirmation Order requires a fee application be filed and the Trustee does not see that this has been done, a reminder email will be sent indicating a two (2) week deadline to file the required fee application. If a fee application is not timely filed, the Trustee will release funds being held for the attorney so disbursements to other Creditors can begin.   Additionally, please remember to include the appropriate Bankrutpcy Code Section or Rule in the fee application. If this information is missing, a filing deficiency may be

Bank Statements required for Self-Employed and Business Cases

Posted By General
December 04, 2024 Category: Bank Statements

Effective immediately, in self-employed and business cases only, the Trustee is requiring bank statements be submitted via the Document Delivery Portal no later than 7-days prior to the original scheduled 341 exam. If these documents are not received timely, the 341 exam will not go

New Prime Rate effective November 8, 2024

Posted By General
December 04, 2024 Category: Prime Rate

Effective November 8, 2024, the new Prime Rate is 7.75%, which means the presumptive rate per Administrative Order 17-2 is now 9.75%.  For cases confirmed on or after November 8, 2024, and reference Administrative Order 17-2, the rate to use is decreased from 10% to