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South Carolina Bankruptcy Laws

Learning Center | South Carolina Bankruptcy Laws
  1. Trustee compensation

Section 330 (a)(3) is amended to exclude Chapter 7 trustees from the professionals whose compensation is to be based, among other things, on the time spent providing their services. Rather, a new § 330(a)(7) is added, providing that the reasonable compensation of “a trustee” shall be treated “as a commission, based on §326.” Although new paragraph (a)(7) is not limited by its terms to Chapter 7 trustees, Chapter 11 trustees are expressly included in the list of professional subject to & 330 (a)(3), and so it is doubtful the new paragraph applies to Chapter 11 trustees.

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