In re U-Can Rent, Inc. (96-31633)

The Chapter 7 trustee sought the statutory maximum allowance, $52,591.52, authorized by section 326(a) of the Bankruptcy Code for services of the trustee. The Court noted that all applications for compensation by trustees must be based upon the criteria set forth in section 330 of the Bankruptcy Code and that section 326 simply fixes the maximum compensation that a trustee can recover. The Court awarded the trustee $20,000 in compensation.

Friday, April 27, 2001