Megan M Wasson
September 12, 2024 | Law.com
Avoiding Double-Dipping: U.S. Trustee Fees and Creditor TrustsThe U.S. Trustee has recently taken the position that GUC Trusts (creditor trusts formed under bankruptcy plans) should be required to pay fees on account of their own disbursements to creditors. The outcomes in three recent bankruptcy cases highlight different approaches to addressing the U.S. Trustee's argument: closing bankruptcy cases early, deferring the issue to a later date, or focusing on the distinction between contingent and non-contingent assets.
By Nicole M. Sweeney and Megan M. Wasson
10 minute read
