H.R. 3488 — A bill to amend section 48 of the Bankruptcy Act (11 U.S.C. 76) to increase the maximum compensation allowable to receivers and trustees.

Summary

Increases the maximum compensation of: (1) receivers appointed in bankruptcy proceedings and serving as mere custodians; (2) receivers serving with full powers; and (3) trustees in bankruptcy not conducting the business of the bankrupt.

Specifies the maximum compensation and rates to be paid to each of these individuals. (Amends 11 U.S.C. 76a(1),(2); 76c(1))

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Legislative Actions

1973-01-31
Introduced in House
1973-01-31
Introduced in House
1973-01-31
Referred to House Committee on the Judiciary.

A bill to amend section 48 of the Bankruptcy Act (11 U.S.C. 76) to increase the maximum compensation allowable to receivers and trustees.

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Summary

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