Ariane Holtschlag of the Law Office of William J. Factor, Ltd. (Chicago) and a member of ABI’s Commission on Consumer Bankruptcy will testify today before the House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law to provide Commission recommendations on trustee compensation. The hearing was called to examine H.R. 3553, the “Bankruptcy Administration Improvement Act of 2017,” introduced last year by House Judiciary Subcommittee Chair Tom Marino (R-Pa.). The bill aims to increase the amount of compensation paid to chapter 7 bankruptcy trustees for services rendered. “In written comments and in statements made to the Commission and its committees, the need to raise trustee compensation appears to enjoy almost unanimous support,” Holtschlag said in prepared testimony. “Congress has not increased the $60 fee for a no-asset case since 1994.” Click here to read Holtschlag's testimony.
To watch a live stream of the hearing at 10 a.m. EDT, review the witness list and view the all prepared statements for the hearing, please click here.
