CHAPTER 7 TRUSTEE EXPENDITURES
- Chapter 7 Trustee’s Limited Authority to Expend Funds for Administrative Expenses. Chapter 7 trustees may incur and pay expenses directly related to the administration of the estate not to exceed $500 in the aggregate without order of the Court. The Trustee’s Final Report shall itemize all expenses incurred and paid during the administration of the estate and shall be subject to review by the Court.
- Bank Servicing Fees. A trustee may pay bank servicing fees to the extent authorized by the Uniform Depository Agreement that exists between the bank used by the trustee as a depository for estate funds and the United States Trustee. These fees may be assessed against the trustee’s bankruptcy accounts.
- Court Filing Fees. A trustee may pay any unpaid filing fees to the Court without order of the Court.
Advisory Committee Notes
This new rule is intended to offer flexibility to Chapter 7 Trustees by permitting Chapter 7 Trustees to pay minor expenses and filing fees without obtaining a court order. Subdivision (A) can be analogized to a per-case line of credit (the credit being authority to pay without prior court approval) that must be refreshed by eventually obtaining a court order authorizing any such transfers or approval of a trustee’s final report.