The United States Trustee Program announces that a significant change in policy will take effect on October 1, 2014, when standing trustees will begin to collect percentage fees upon receipt of payment rather than at the time of disbursement. The current practice has been for the trustees to earn the percentage fee upon receipt of payment but collect it upon disbursement. Effective October 1, 2014, the fee will be collected from all funds on hand, and thereafter, on all payments received by the trustees under the plan at the time of receipt. Questions regarding this policy change should be directed to Tim Stack, Assistant U.S. Trustee in the Columbia Field Office – John.T.Stack@usdoj.gov.
Tuesday, August 26, 2014