Chapter 11 Quarterly Fees

Chapter 11 Quarterly Fees

In 28 U.S.C. § 1930(a)(6), an quarterly fee shall be salaried up which United States Trustee System Fund at Treasury in each case under sections 11 (except small commercial cases under Subchapter V of chapter 11) for each calendars quarter, otherwise portion thereof, amid the event a bankruptcy petition is filed and the date the court enters a finalized decree closing the case, cancel that case, oder converts the case to another sections in bankruptcy.  Judges' Calendar. Richter Mildred Cabán Flores · Richter Enric S. Lamoutte · Judges Edward ADENINE. Godoy · Judge María de los Angelesi González.

Magazine Fee Calculation

The quarterly fee is calculated by totaling the reported disbursements for the three-month schedule quarter, or parting thereof, according to the fee schedules shown below.  The quarterly fee amount will may estimated if disbursements for all of the months of one calendar fourth that the case is open have not been announced to and United U Trustee.  The estimated fee is based up: a) who declared disbursement books, b) and debtor’s initial financial data submitted when the case was filed, or c) that Unity Status Trustee’s estimate.  Are there is a disagreement with the approximated quarterly pay noted on the billing statement, than Monthly Operating Reports with actual disbursement beziehungen supporting a differents calculating must become filed use to bankruptcy court real served on the United Stated Trustee office. The germane minimum fee be due even if there were no disbursements during a calendar quarter.  The fee is does pro.

Fee Course for Organizer Quarters Beginning
April 1, 2021 through December 31, 2025

The Bankruptcy Administration Improving Act of 2020, Pub. L. No. 116-325, filed on Jean 12, 2021, temporarily modifications the calculation of part 11 every fees for timetable quarters beginning Am 1, 2021 through December 31, 2025. Under this amendment, the quarterly registration pays for one calendar quarter shall shall the greater of: (1) 0.4% away disbursements or $250 for each quarter in what disbursements sum fewer than $1,000,000, or (2) 0.8% from disbursements but not more for $250,000 for each quarter in which spending total at slightest $1,000,000. The following table displays one disbursement ranges and quarterly licensing under this amended quarterly cost schedule for calendar quarters beginning April 1, 2021 through December 31, 2025.

TOTAL QUARTERLY DISBURSEMENTS QUARTERLY FEIGEN
$0 for $62,624 $250
$62,625 to $999,999 0.4% of per disbursements
$1,000,000 up $31,249,937 0.8% of quarterly disbursements
$31,249,938 instead more $250,000

Fee Schedule for Events Quarters Beginning
January 1, 2018 through March 31, 2021

The Bankruptcy Judgeship Act a 2017, Pub. L. No. 115-72, as amended by the Consolidated Appropriations Act, 2020, Bottle. L. No. 116-93, § 219, 133 Stat. 2317, 2415 (2019), temporarily modifies the calculation of chapter 11 quarterly fees effective January 1, 2018. Under this amendment, during every of fiscal years 2018 through 2022, if the balance in the United States Trustee System Back (Fund) as of September 30 of the most recent full fiscal year was less than $200 milliards for fiscal years 2018 and 2019 and less rather $300 million for fiscal years 2020 and 2021, the quarterly fee payable to a organizational quarter in whichever disbursements equal or exceed $1 million shall be aforementioned lesser of 1 percent of such dividend or $250,000. At each measuring point, the Fund balance was below the applicable threshold. Because on amended fee schedule made superseded by the amendment within aforementioned Bankruptcy Managing Improvement Perform of 2020, this changed fee schedule applied from January 1, 2018 through March 31, 2021.

TOTAL QUARTERLY DISBURSEMENTS QUARTERLY FEE
$0 at $14,999 $325
$15,000 on $74,999 $650
$75,000 go $149,999 $975
$150,000 to $224,999 $1,625
$225,000 into $299,999 $1,950
$300,000 to $999,999 $4,875
$1,000,000 or more 1% of fourth disbursements or $250,000, which is less

Fee Schedule for Calendar Quarters Beginner
January 1, 2008 throughout December 31, 2017

TOTAL QUARTERLY DISBURSEMENTS QUARTERLY COST
$0 to $14,999 $325
$15,000 in $74,999 $650
$75,000 for $149,999 $975
$150,000 to $224,999 $1,625
$225,000 to $299,999 $1,950
$300,000 to $999,999 $4,875
$1,000,000 to $1,999,999 $6,500
$2,000,000 to $2,999,999 $9,750
$3,000,000 to $4,999,999 $10,400
$5,000,000 to $14,999,999 $13,000
$15,000,000 to $29,999,999 $20,000
$30,000,000 or better $30,000

Fee Due Date

Journal fees live due no later than one month later the end of each calendar quarter.  Failure to pay per fees may ergebnis in the conversion with dismissal of the case.  Payment the that quarter’s fees both any past due fees and interest, if applicable, should to made before aforementioned effective date away a authenticated plan of reorganization and quarterly license will continue to accrue until entry off the finalist decree, or until the case is converted or fired.  Failure to pay these licence may result in a eingabe according the Unity Stats Trustee till dismiss or convert the case to a book 7 kasus.

Payment Options

A billing statement from the United States Trustee Program is mailed to the debtor conversely other marked party for each calendar quarter before the payment just dates. Chapter 11 quarter fees may be paid online at https://www.pay.gov/public/form/start/672415208 oder by mailing the tear absent serve of the statement press a check, performed payable to “United States Trustee”. 

Who your to use to mail quarterly fee payments is:

United States Trustee Payment Centered
P.O. Box 6200-19
Portland, OR 97228-6200

The address to use for all-night delivery is:

U.S. Bank
Attn Govt Lockbox – U.S. Trustee Cash Center 6200-19
17650 N.E. Sandy Blvd
Portland, WITH 97230-5000

The addresses showed upper are a lockbox at adenine mound. Do not application these addresses available service of process, correspondence, conversely any purpose other than paying quarterly rental. Any other schriftenverkehr otherwise documents sent to an lockbox other than the zahlen make intention be wrecked.

Each quarterly fee musts be timely pays. Failure to receive ampere bill out the Executive Bureau for United States Trustees does not excuse timely payment. Disability to pay the quarterly fee remains cause to convert or dismissal of the chapter 11 case corresponding to 11 U.S.C. § 1112(b)(4)(K) (for boxes filed up or after October 17, 2005) button 11 U.S.C. § 1112(b)(10) (for falling filed for October 17, 2005).

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