Contact:
Hartgen
(703) 739-0800
OVERWHELMING
MAJORITY OF RESPONDENTS AGREE THAT TRUSTEE COMPENSATION SHOULD BE
INCREASED FOR NO-ASSET OR LOW INCOME CASES IN LATEST ABI
POLL
March 12, 2007,
majority of respondents (71 percent) in a recent American Bankruptcy
Institute online poll “strongly agreed” that chapter 7
trustee compensation should be increased for no-asset and qualified
low-income cases (In forma pauperis or IFP cases), even if it
means an increase in filing fees for consumer debtors. Overall, 78
percent of respondents agreed that chapter 7 trustee compensation should
be increased in no-asset or cases in which a low-income debtor qualifies
for filing fees to be waived; 7 percent of those “agreed
somewhat” that the compensation should be increased, even if it
means a filing fee increase for consumer debtors.
Eighteen percent of respondents
disagreed that chapter 7 trustee compensation should be increased for
no-asset or IFP cases at the expense of a filing fee increase for
consumer debtors. Fourteen percent of respondents “strongly
disagreed” and 4 percent “disagreed somewhat” that
chapter 7 trustee compensation should be increased, even if it means an
increase in the filing fees for consumer debtors in general. Three
percent did not know or had no opinion.
ABI members and the public were
welcome to submit their response to the statement: “
face='Times New Roman' color='black' size='3'>Chapter 7 trustee
compensation should be increased for no-asset and IFP cases, even if it
means a further increase in the filing fee for consumer
debtors.” The ABI Quick Poll was open for
voting from March 1-8.
ABI’s weekly Quick Poll
is posted on ABI’s home page,
href='http://www.abiworld.org/'>www.abiworld.org. ABI members and
the public are invited to respond to a question on a timely bankruptcy
or insolvency issue. Visit
href='http://www.abiworld.net/quickpoll/'>
color='#0000ff' size='3'>http://www.abiworld.net/quickpoll/
to access the results of previous ABI Quick Polls.
###
ABI is the largest
multi-disciplinary, nonpartisan organization dedicated to research and
education on matters related to insolvency. ABI was founded in 1982 to
provide Congress and the public with unbiased analysis of bankruptcy
issues. The ABI membership includes more than 11,000 attorneys,
accountants, bankers, judges, professors, lenders, turnaround
specialists and other bankruptcy professionals, providing a forum for
the exchange of ideas and information. For additional information on
ABI, visit www.abiworld.org. For additional conference information,
visit
href='http://www.abiworld.org/conferences.html'>
size='3'>http://www.abiworld.org/conferences.html.