In re Raejean S. Bonham dba World Plus
Bankruptcy No. F95-00897
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11 U.S.C. Section 326 - Compensation of trustee
Sec. 326. Limitation on compensation of trustee
(a) In a case under chapter 7 or 11, the court may allow reasonable
compensation under section 330 of this title of the trustee for the
trustee's services, payable after the trustee renders such services, not
to exceed 25 percent on the first $5,000 or less, 10 percent on any
amount in excess of $5,000 but not in excess of $50,000, 5 percent on
any amount in excess of $50,000 but not in excess of $1,000,000, and
reasonable compensation not to exceed 3 percent of such moneys in excess
of $1,000,000, upon all moneys disbursed or turned over in the case by
the trustee to parties in interest, excluding the debtor, but including
holders of secured claims.
(b) In a case under chapter 12 or 13 of this title, the court may
not allow compensation for services or reimbursement of expenses of the
United States trustee or of a standing trustee appointed under section
586(b) of title 28, but may allow reasonable compensation under section
330 of this title of a trustee appointed under section 1202(a) or
1302(a) of this title for the trustee's services, payable after the
trustee renders such services, not to exceed five percent upon all
payments under the plan.
(c) If more than one person serves as trustee in the case, the
aggregate compensation of such persons for such service may not exceed
the maximum compensation prescribed for a single trustee by subsection
(a) or (b) of this section, as the case may be.
(d) The court may deny allowance of compensation for services or
reimbursement of expenses of the trustee if the trustee failed to make
diligent inquiry into facts that would permit denial of allowance under
section 328(c) of this title or, with knowledge of such facts, employed
a professional person under section 327 of this title.
(Pub. L. 95-598, Nov. 6, 1978, 92 Stat. 2562; Pub. L. 98-353, title III,
Sec. 430(a), (b), July 10, 1984, 98 Stat. 369; Pub. L. 99-554, title II,
Sec. 209, Oct. 27, 1986, 100 Stat. 3098; Pub. L. 103-394, title I,
Sec. 107, Oct. 22, 1994, 108 Stat. 4111.)
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