Wednesday, March 24, 2010

Bankruptcy Limits-Indexed Amounts.Part 4 of 6


Registered Trustee Minimum Fee Entitlement:
Trustees are paid for administering a bankruptcy. they may recover this minimum fee if they do not receive enough from the sale of bankrupt's assets or income contributions. The amount of $1569.00.

Extent of Priority for Employee Amounts:
If an employee is owed money by a bankrupt, they are entitled to receive payment of any dividends issued in preference to those issued to other unsecured creditors, up to this limit. $3950.00.

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