Section 326 - Limitation on Compensation of Trustees


Title 11 of the United States Code - Bankruptcy
CASE ADMINISTRATION – CHAPTER 3


Limitation on Compensation of Trustees - Section 326
11 USCS § 326



(a) In a case under chapter 7 or 11 [11 USCS §§ 701 et seq. or 1101 et seq.], the court may allow reasonable compensation under section 330 of this title [11 USCS § 330] of the trustee for the trustee's services, payable after the trustee renders such services, not to exceed 25 percent on the first $ 5,000 or less, 10 percent on any amount in excess of $ 5,000 but not in excess of $ 50,000, 5 percent on any amount in excess of $ 50,000 but not in excess of $ 1,000,000, and reasonable compensation not to exceed 3 percent of such moneys in excess of $ 1,000,000, upon all moneys disbursed or turned over in the case by the trustee to parties in interest, excluding the debtor, but including holders of secured claims.
 
(b) In a case under chapter 12 or 13 [11 USCS §§ 1201 et seq. or 1301 et seq.] of this title, the court may not allow compensation for services or reimbursement of expenses of the United States trustee or of a standing trustee appointed under section 586(b) of title 28, but may allow reasonable compensation under section 330 of this title [11 USCS § 330] of a trustee appointed under section 1202(a) or 1302(a) of this title [11 USCS § 1202(a) or 1302(a)] for the trustee's services, payable after the trustee renders such services, not to exceed five percent upon all payments under the plan.
 
(c) If more than one person serves as trustee in the case, the aggregate compensation of such persons for such service may not exceed the maximum compensation prescribed for a single trustee by subsection (a) or (b) of this section, as the case may be.
 
(d) The court may deny allowance of compensation for services or reimbursement of expenses of the trustee if the trustee failed to make diligent inquiry into facts that would permit denial of allowance under section 328(c) of this title [11 USCS § 328(c)] or, with knowledge of such facts, employed a professional person under section 327 of this title [11 USCS § 327].


Sagaria Law is proud to announce the internet publishing of the United States Bankruptcy Code to this site.  Title 11, as it is also known, has been provided here on our bankruptcy website for your convenience.  We encourage all of our bankruptcy clients and website visitors to take advantage of being able to view it here, as no other bankruptcy sites offer this opportunity.
Our bankruptcy law firm in San Mateo deals with all types of bankruptcy questions, filings and issues.  If at any time you would like to speak to our informed bankruptcy specialists or set up a consultation with one of our experienced bankruptcy attorneys in San Mateo, please contact us! We are here to serve you, San Mateo County!

Attorney Consultation!! $99 Retainer Fee!! Free Bankruptcy Evaluation
Motivation Bills Assets Budget
The law varies from state-to-state — please provide your zip code!

Why are you considering bankruptcy? (select all that apply)









Motivation Bills Assets Budget

What bills do you have? (select all that apply)








Motivation Bills Assets Budget
Do you own real estate ?
If Yes , are you behind in these payments?


Do you own an automobile ?
If Yes , are you behind in these payments?


Do you have any additional assets worth more than $1000.00?
Motivation Bills Assets Budget

What types of income do you have? (select all that apply)






$
Contact Info Your Evaluation

Call For A Consultation

toll free: 1-866-447-8460