exemtions

What Do Chapter 7 Trustees Dream About? CASH!

by Russell A. DeMott, Charleston Bankruptcy Lawyer

Chapter 7 trustees are paid the small sum of $60 for administering each case.  The real money a trustee makes is from finding and selling assets, and no asset is more favored than cash. According to the statutory formula, in addition to the paltry fee of $60 per case, Chapter 7 trustees are paid a [...]