The Bankruptcy Administration Improvement Act of 2024 aims to update compensation for Chapter 7 bankruptcy trustees, who have not seen an increase since 1994. The bill proposes increasing their pay per case from $60 to $120, adjusted for inflation, without altering existing...
Simple Explanation
The Bankruptcy Administration Improvement Act of 2024 wants to give more money to people who help with money problems in courts, called trustees, because they haven't had a raise in a long time, and it also plans to let certain special judges work longer to help with the growing number of cases.