Act of June 11, 1960, Pub. L. 86-504, 74 Stat. 198
An Act To amend the Bankruptcy Act in regard to the closing fee of the trustee and in regard to the fee for the filing of a petition
Eighty-Sixth Congress, Session II · Approved June 11, 1960
Revises two fees. The opening clause of section 48c now fixes the trustee’s fee at $10 for each estate, deposited with the clerk when the petition is filed (except where no fee is required from a voluntary bankrupt), plus such further sums as the court may allow. Section 132 sets the chapter X filing fee at $120 if no bankruptcy proceeding is pending and $70 otherwise, with $50 of the $120 distributed by the clerk as in a bankruptcy proceeding if an adjudication is entered, or refunded if the chapter X proceeding is dismissed without adjudication.
This is an unofficial transcription, prepared by Robert J. Pfister for ease of reading and copying. The authoritative text is the United States Statutes at Large.
United States Statutes at Large (PDF, 1 page) (opens in a new tab) Unofficial transcription (PDF, 1 page) (opens in a new tab)
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the part of subdivision c of section 48 of the Bankruptcy Act (11 U.S.C. 76c) up to the first colon is amended to read as follows:
“c. Trustees.—The compensation of trustees for their services, payable after they are rendered, shall be a fee of $10 for each estate, deposited with the clerk at the time the petition is filed in each case, except when a fee is not required from a voluntary bankrupt, and such further sum as the court may allow, as follows:”.
Sec. 2. That section 132 of the Bankruptcy Act (11 U.S.C. 532) is amended to read as follows:
“Sec. 132. The filing of a petition under this chapter shall be accompanied by payment to the clerk of a filing fee of $120 if no bankruptcy proceeding is pending, otherwise $70. Where $120 has been paid and an adjudication is entered under this chapter, $50 thereof shall be distributed by the clerk as in the case of a bankruptcy proceeding; but, if the proceeding under this chapter is dismissed and no order of adjudication is entered thereunder, such sum of $50 shall be refunded to the person paying it.”
Approved June 11, 1960.