January 23, 2026|Press
By: Clara Geoghegan
“Chapter 7 trustees are paid for their work in two ways: a commission on assets liquidated and distributed to creditors and a flat per-case fee set by the Bankruptcy Code.
Steve Jakubowski, a bankruptcy attorney and partner at Buchalter, said, ‘There’s actually a lot of work that goes into even a no-asset case because the trustee has a responsibility to ensure that in fact they’re [the debtor] not hiding assets, that they properly filled out the schedules, etc.'”
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