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Chapter 13 trustee fees
As I understand it there was a controversy years back about whether the maximum statutory fee of 10% would apply only to payments made to creditors or also to the fee paid to the trustee (i.e., whether there was a fee on the fee). I think there were actually two court of appeals opinions on this issue, one saying no fee on fee and another saying there was a fee on the fee (maybe the 8th and 10th circuits, don't recall exactly). Somehow the latter ended up being accepted here, and so we have a fee on fee. A 10% fee on 10% adds another 1%, then 10% of that yields 1/10th of 1%, and so on, ad infinitum. So it's really 11.111111111 .....% as Michael somehow calculated below, although I got dizzy trying to understand his fomula! Of course, in practice it tends to be lower than 11.1% when there are a lot of cases (and hence more money coming to the trust operations), and closer to the max when there are less cases, as someone else alluded to previously, so that the trustees can fund their operations and receive their allocated salaries.
Joseph E. Caceres, Esq.
Caceres & Shamash, LLP
8200 Wilshire Blvd., Suite 400
Beverly Hills, CA 90211
Tel: (310) 205-3400
Fax: (310) 878-8308
E-mail: jec@locs.com
The post was migrated from Yahoo.
It could be done algebraically:
Plan Payment P
Trustee Portion T
Creditor Payment C
(1) P T + C
(2) T .1P
substituting (2) into (1) you get
P .1P + C
which (solving for C) gives us
(3) C .9P.
(obviously if T is 10% C is 90%).
So what percentage of C is T?
(4) T % * C // here the unknown is %
Substituting (2) for T and (3) for C we get:
.1P % * .9P // now divide both sides by .9P to isolate the unknown %
gives
.1P/.9P %
The P's cancel and you're left with .1/.9 1/9 .1111 11.1%
Since I don't know enough about 13s, I don't know why this 11% number is
important or used.
Sincerely,
Michael Avanesian
Law Offices of David A. Tilem
www.tilemlaw.com
818-507-6000
On Wed, Oct 30, 2013 at 11:34 AM, John D. Faucher wrote:
> **
>
>
>
> Actually, it's arithmetic - manipulating numbers. It becomes algebra when
> you substitute a letter for a number.
> http://en.wikipedia.org/wiki/Arithmetic;
> http://en.wikipedia.org/wiki/Algebra#Al ... athematics
>
> I don't suck at arithmetic or algebra, but I do suck at interpersonal
> relations when I correct people.
> Or so I'm told.
>
>
> John D. Faucher
> Faucher & Associates
> *818/889-8080*
> *
> *
>
>
>
> On Tue, Oct 29, 2013 at 8:06 PM, Steven B. Lever wrote:
>
>> **
>>
>>
>> Hmm. I suck at algebra. Thats the explanation for me.****
>>
>> ** **
>>
>> *From:* cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com] *On
>> Behalf Of *Mark Jessee
>> *Sent:* Tuesday, October 29, 2013 6:32 PM
>>
>> *To:* cdcbaa@yahoogroups.com
>> *Subject:* Re: [cdcbaa] Chapter 13 trustee fees****
>>
>> ** **
>>
>> ****
>>
>> Algebra. It's 11 % of the amount paid to the creditors which basically >> 10% of the plan payment.****
>>
>> ** **
>>
>> Mark Jessee****
>>
>>
>> Sent from my iPhone****
>>
>>
>> On Oct 29, 2013, at 5:35 PM, "Steven B. Lever"
>> wrote:****
>>
>> ****
>>
>> Mark;****
>>
>> ****
>>
>> That put it better than I did by far. Thank you. So why do we have to
>> plan for 11% as per the form itself?****
>>
>> ****
>>
>> Steve ****
>>
>> ****
>>
>> *From:* cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com]
>> *On Behalf Of *jesseelaw@aol.com
>> *Sent:* Tuesday, October 29, 2013 4:35 PM
>> *To:* cdcbaa@yahoogroups.com
>> *Subject:* Re: [cdcbaa] Chapter 13 trustee fees****
>>
>> ****
>>
>> ****
>>
>> The Chapter 13 trustee is capped on her income after overhead, so that is
>> why the percentage varies from year to year. If there is low
>> volume trustee does not make the max income and the percentage is 10%.
>> High volume trustee max income reached and thus a lower trustee
>> percentage. ****
>>
>> ****
>>
>> Mark T. Jessee
>> Law Offices of Mark T. Jessee
>> "A Debt Relief Agency"
>> 50 W. Hillcrest Drive, Suite 200
>> Thousand Oaks, CA 91360
>> (805) 497-5868 (805) 497-5864 (Facsimile)
>>
>> NOTICE TO RECIPIENT: THIS E-MAIL IS MEANT FOR ONLY THE INTENDED RECIPIENT
>> OF THE TRANSMISSION, AND THIS COMMUNICATION IS INTENDED TO BE PRIVILEGED BY
>> LAW. IF YOU RECEIVED THIS E-MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION,
>> DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY PROHIBITED. PLEASE
>> NOTIFY US IMMEDIATELY OF THE ERROR BY RETURN E-MAIL AND PLEASE DELETE THIS
>> MESSAGE FROM YOUR SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION. ****
>>
>> ****
>>
>> In a message dated 10/29/2013 3:51:21 P.M. Pacific Daylight Time,
>> michael@avanesianlaw.com writes:****
>>
>> ****
>>
>> Why would they take less than the maximum allowed by law? If this is a
>> Chapter 13 case, I believe the maximum is 10% and that's what they take.
>> ****
>>
>> ****
>>
>> I am basing this on my reading of 28 U.S.C. 586 (e)(1)(B)****
>>
>>
>> ****
>>
>>
>> Sincerely,****
>>
>> Michael Avanesian****
>>
>> Law Offices of David A. Tilem****
>>
>> www.tilemlaw.com****
>>
>> 818-507-6000****
>>
>> ****
>>
>> On Tue, Oct 29, 2013 at 1:50 PM, Steven B. Lever
>> wrote:****
>>
>> ****
>>
>> Hi Gaurav:****
>>
>> ****
>>
>> As I understand it, the percentage actually paid is done after the fact
>> when the trustee expenses versus revenues is figured out. So they tell us
>> to use 11%. Maybe someone knows the rules better than I.****
>>
>> ****
>>
>> Steven B. Lever ****
>>
>> ****
>>
>> *From:* cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com] *On
>> Behalf Of *Gaurav Datta
>> *Sent:* Monday, October 28, 2013 4:30 PM
>> *To:* cdcbaa@yahoogroups.com
>> *Subject:* [cdcbaa] Chapter 13 trustee fees****
>>
>> ****
>>
>> ****
>>
>> Hi all, ****
>>
>> ****
>>
>> Is there a statute or a local rule that sets the chapter 13 trustee fees
>> at a certain percentage? I am curious as to the lowest percentage of the
>> total plan our local CDCA chapter 13 trustees will take in fees. ****
>>
>> ****
>>
>> --
>> *Gaurav Datta, Esq.,LL.M
>> 4401 Atlantic Ave, Ste 225
>> Long Beach, CA 90807
>> Phone: 562-984-2074
>> Fax: 562-984-2081* ****
>>
>> ****
>>
>> *Reply via web post
The post was migrated from Yahoo.
Actually, it's arithmetic - manipulating numbers. It becomes algebra when
you substitute a letter for a number.
http://en.wikipedia.org/wiki/Arithmetic;
The post was migrated from Yahoo.
Because, otherwise, we would have to have the 13 trustees publish their percentage each time it changes. And btw, it would make no difference. Once the means test pumps out a minimum payment, that payment includes the trustee's percentage payment. If the trustee takes less, the trustee will increase what the unsecured's get.
d
Dennis McGoldrick, 350 S. Crenshaw Bl., #A207B, Torrance, Ca 90503 310-328-1001-voice
> On Oct 29, 2013, at 5:35 PM, "Steven B. Lever" wrote:
>
> Mark;
>
>
>
> That put it better than I did by far. Thank you. So why do we have to plan for 11% as per the form itself?
>
>
>
> Steve
>
>
>
jesseelaw@aol.com
> Sent: Tuesday, October 29, 2013 4:35 PM
> To: cdcbaa@yahoogroups.com
> Subject: Re: [cdcbaa] Chapter 13 trustee fees
>
>
>
>
>
> The Chapter 13 trustee is capped on her income after overhead, so that is why the percentage varies from year to year. If there is low volume trustee does not make the max income and the percentage is 10%. High volume trustee max income reached and thus a lower trustee percentage.
>
>
>
> Mark T. Jessee
> Law Offices of Mark T. Jessee
> "A Debt Relief Agency"
> 50 W. Hillcrest Drive, Suite 200
> Thousand Oaks, CA 91360
> (805) 497-5868 (805) 497-5864 (Facsimile)
>
> NOTICE TO RECIPIENT: THIS E-MAIL IS MEANT FOR ONLY THE INTENDED RECIPIENT OF THE TRANSMISSION, AND THIS COMMUNICATION IS INTENDED TO BE PRIVILEGED BY LAW. IF YOU RECEIVED THIS E-MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION, DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY PROHIBITED. PLEASE NOTIFY US IMMEDIATELY OF THE ERROR BY RETURN E-MAIL AND PLEASE DELETE THIS MESSAGE FROM YOUR SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION.
>
>
>
> In a message dated 10/29/2013 3:51:21 P.M. Pacific Daylight Time, michael@avanesianlaw.com writes:
>
>
>
> Why would they take less than the maximum allowed by law? If this is a Chapter 13 case, I believe the maximum is 10% and that's what they take.
>
>
>
> I am basing this on my reading of 28 U.S.C. 586 (e)(1)(B)
>
>
>
>
> Sincerely,
>
> Michael Avanesian
>
> Law Offices of David A. Tilem
>
> www.tilemlaw.com
>
> 818-507-6000
>
>
>
> On Tue, Oct 29, 2013 at 1:50 PM, Steven B. Lever wrote:
>
>
>
> Hi Gaurav:
>
>
>
> As I understand it, the percentage actually paid is done after the fact when the trustee expenses versus revenues is figured out. So they tell us to use 11%. Maybe someone knows the rules better than I.
>
>
>
> Steven B. Lever
>
>
>
Gaurav Datta
> Sent: Monday, October 28, 2013 4:30 PM
> To: cdcbaa@yahoogroups.com
> Subject: [cdcbaa] Chapter 13 trustee fees
>
>
>
>
>
> Hi all,
>
>
>
> Is there a statute or a local rule that sets the chapter 13 trustee fees at a certain percentage? I am curious as to the lowest percentage of the total plan our local CDCA chapter 13 trustees will take in fees.
>
>
>
> --
> Gaurav Datta, Esq.,LL.M
> 4401 Atlantic Ave, Ste 225
> Long Beach, CA 90807
> Phone: 562-984-2074
> Fax: 562-984-2081
>
>
>
>
>
The Chapter 13 trustee is capped on her income after overhead, so that is why the percentage varies from year to year. If there is low volume trustee does not make the max income and the percentage is 10%. High volume trustee max income reached and thus a lower trustee percentage. Mark T. JesseeLaw Offices of Mark T. Jessee"A Debt Relief Agency"50 W. Hillcrest Drive, Suite 200Thousand Oaks, CA 91360(805) 497-5868 (805) 497-5864 (Facsimile)NOTICE TO RECIPIENT: THIS E-MAIL IS MEANT FOR ONLY THE INTENDED RECIPIENT OF THE TRANSMISSION, AND THIS COMMUNICATION IS INTENDED TO BE PRIVILEGED BY LAW. IF YOU RECEIVED THIS E-MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION, DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY PROHIBITED. PLEASE NOTIFY US IMMEDIATELY OF THE ERROR BY RETURN E-MAIL AND PLEASE DELETE THIS MESSAGE FROM YOUR SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION.
The post was migrated from Yahoo.
Dockery is often quite low on percentage, supposedly because of the
efficiency of their operation. We are lucky to have her as a trustee.
On Oct 29, 2013 8:14 PM, "Steven B. Lever" wrote:
> **
>
>
> Hmm. I suck at algebra. Thats the explanation for me.****
>
> ** **
>
> *From:* cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com] *On Behalf
> Of *Mark Jessee
> *Sent:* Tuesday, October 29, 2013 6:32 PM
> *To:* cdcbaa@yahoogroups.com
> *Subject:* Re: [cdcbaa] Chapter 13 trustee fees****
>
> ** **
>
> ****
>
> Algebra. It's 11 % of the amount paid to the creditors which basically > 10% of the plan payment.****
>
> ** **
>
> Mark Jessee****
>
>
> Sent from my iPhone****
>
>
> On Oct 29, 2013, at 5:35 PM, "Steven B. Lever"
> wrote:****
>
> ****
>
> Mark;****
>
> ****
>
> That put it better than I did by far. Thank you. So why do we have to
> plan for 11% as per the form itself?****
>
> ****
>
> Steve ****
>
> ****
>
> *From:* cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com]
> *On Behalf Of *jesseelaw@aol.com
> *Sent:* Tuesday, October 29, 2013 4:35 PM
> *To:* cdcbaa@yahoogroups.com
> *Subject:* Re: [cdcbaa] Chapter 13 trustee fees****
>
> ****
>
> ****
>
> The Chapter 13 trustee is capped on her income after overhead, so that is
> why the percentage varies from year to year. If there is low
> volume trustee does not make the max income and the percentage is 10%.
> High volume trustee max income reached and thus a lower trustee
> percentage. ****
>
> ****
>
> Mark T. Jessee
> Law Offices of Mark T. Jessee
> "A Debt Relief Agency"
> 50 W. Hillcrest Drive, Suite 200
> Thousand Oaks, CA 91360
> (805) 497-5868 (805) 497-5864 (Facsimile)
>
> NOTICE TO RECIPIENT: THIS E-MAIL IS MEANT FOR ONLY THE INTENDED RECIPIENT
> OF THE TRANSMISSION, AND THIS COMMUNICATION IS INTENDED TO BE PRIVILEGED BY
> LAW. IF YOU RECEIVED THIS E-MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION,
> DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY PROHIBITED. PLEASE
> NOTIFY US IMMEDIATELY OF THE ERROR BY RETURN E-MAIL AND PLEASE DELETE THIS
> MESSAGE FROM YOUR SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION. ****
>
> ****
>
> In a message dated 10/29/2013 3:51:21 P.M. Pacific Daylight Time,
> michael@avanesianlaw.com writes:****
>
> ****
>
> Why would they take less than the maximum allowed by law? If this is a
> Chapter 13 case, I believe the maximum is 10% and that's what they take.
> ****
>
> ****
>
> I am basing this on my reading of 28 U.S.C. 586 (e)(1)(B)****
>
>
> ****
>
>
> Sincerely,****
>
> Michael Avanesian****
>
> Law Offices of David A. Tilem****
>
> www.tilemlaw.com****
>
> 818-507-6000****
>
> ****
>
> On Tue, Oct 29, 2013 at 1:50 PM, Steven B. Lever
> wrote:****
>
> ****
>
> Hi Gaurav:****
>
> ****
>
> As I understand it, the percentage actually paid is done after the fact
> when the trustee expenses versus revenues is figured out. So they tell us
> to use 11%. Maybe someone knows the rules better than I.****
>
> ****
>
> Steven B. Lever ****
>
> ****
>
> *From:* cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com] *On Behalf
> Of *Gaurav Datta
> *Sent:* Monday, October 28, 2013 4:30 PM
> *To:* cdcbaa@yahoogroups.com
> *Subject:* [cdcbaa] Chapter 13 trustee fees****
>
> ****
>
> ****
>
> Hi all, ****
>
> ****
>
> Is there a statute or a local rule that sets the chapter 13 trustee fees
> at a certain percentage? I am curious as to the lowest percentage of the
> total plan our local CDCA chapter 13 trustees will take in fees. ****
>
> ****
>
> --
> *Gaurav Datta, Esq.,LL.M
> 4401 Atlantic Ave, Ste 225
> Long Beach, CA 90807
> Phone: 562-984-2074
> Fax: 562-984-2081* ****
>
> ****
>
> *Reply via web post
The post was migrated from Yahoo.
charset-ascii
Algebra. It's 11 % of the amount paid to the creditors which basically 10% of the plan payment.
Mark Jessee
Sent from my iPhone
On Oct 29, 2013, at 5:35 PM, "Steven B. Lever" wrote:
> Mark;
>
>
>
> That put it better than I did by far. Thank you. So why do we have to plan for 11% as per the form itself?
>
>
>
> Steve
>
>
>
jesseelaw@aol.com
> Sent: Tuesday, October 29, 2013 4:35 PM
> To: cdcbaa@yahoogroups.com
> Subject: Re: [cdcbaa] Chapter 13 trustee fees
>
>
>
>
>
> The Chapter 13 trustee is capped on her income after overhead, so that is why the percentage varies from year to year. If there is low volume trustee does not make the max income and the percentage is 10%. High volume trustee max income reached and thus a lower trustee percentage.
>
>
>
> Mark T. Jessee
> Law Offices of Mark T. Jessee
> "A Debt Relief Agency"
> 50 W. Hillcrest Drive, Suite 200
> Thousand Oaks, CA 91360
> (805) 497-5868 (805) 497-5864 (Facsimile)
>
> NOTICE TO RECIPIENT: THIS E-MAIL IS MEANT FOR ONLY THE INTENDED RECIPIENT OF THE TRANSMISSION, AND THIS COMMUNICATION IS INTENDED TO BE PRIVILEGED BY LAW. IF YOU RECEIVED THIS E-MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION, DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY PROHIBITED. PLEASE NOTIFY US IMMEDIATELY OF THE ERROR BY RETURN E-MAIL AND PLEASE DELETE THIS MESSAGE FROM YOUR SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION.
>
>
>
> In a message dated 10/29/2013 3:51:21 P.M. Pacific Daylight Time, michael@avanesianlaw.com writes:
>
>
>
> Why would they take less than the maximum allowed by law? If this is a Chapter 13 case, I believe the maximum is 10% and that's what they take.
>
>
>
> I am basing this on my reading of 28 U.S.C. 586 (e)(1)(B)
>
>
>
>
> Sincerely,
>
> Michael Avanesian
>
> Law Offices of David A. Tilem
>
> www.tilemlaw.com
>
> 818-507-6000
>
>
>
> On Tue, Oct 29, 2013 at 1:50 PM, Steven B. Lever wrote:
>
>
>
> Hi Gaurav:
>
>
>
> As I understand it, the percentage actually paid is done after the fact when the trustee expenses versus revenues is figured out. So they tell us to use 11%. Maybe someone knows the rules better than I.
>
>
>
> Steven B. Lever
>
>
>
Gaurav Datta
> Sent: Monday, October 28, 2013 4:30 PM
> To: cdcbaa@yahoogroups.com
> Subject: [cdcbaa] Chapter 13 trustee fees
>
>
>
>
>
> Hi all,
>
>
>
> Is there a statute or a local rule that sets the chapter 13 trustee fees at a certain percentage? I am curious as to the lowest percentage of the total plan our local CDCA chapter 13 trustees will take in fees.
>
>
>
> --
> Gaurav Datta, Esq.,LL.M
> 4401 Atlantic Ave, Ste 225
> Long Beach, CA 90807
> Phone: 562-984-2074
> Fax: 562-984-2081
>
>
>
>
>
> Reply via web post Reply to sender Reply to group Start a New Topic Messages in this topic (5) > RECENT ACTIVITY: New Members 2
> Visit Your Group
The Chapter 13 trustee is capped on her income after overhead, so that is why the percentage varies from year to year. If there is low volume trustee does not make the max income and the percentage is 10%. High volume trustee max income reached and thus a lower trustee percentage. Mark T. JesseeLaw Offices of Mark T. Jessee"A Debt Relief Agency"50 W. Hillcrest Drive, Suite 200Thousand Oaks, CA 91360(805) 497-5868 (805) 497-5864 (Facsimile)NOTICE TO RECIPIENT: THIS E-MAIL IS MEANT FOR ONLY THE INTENDED RECIPIENT OF THE TRANSMISSION, AND THIS COMMUNICATION IS INTENDED TO BE PRIVILEGED BY LAW. IF YOU RECEIVED THIS E-MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION, DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY PROHIBITED. PLEASE NOTIFY US IMMEDIATELY OF THE ERROR BY RETURN E-MAIL AND PLEASE DELETE THIS MESSAGE FROM YOUR SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION.
The post was migrated from Yahoo.
Why would they take less than the maximum allowed by law? If this is a
Chapter 13 case, I believe the maximum is 10% and that's what they take.
I am basing this on my reading of 28 U.S.C. 586 (e)(1)(B)
Sincerely,
Michael Avanesian
Law Offices of David A. Tilem
www.tilemlaw.com
818-507-6000
On Tue, Oct 29, 2013 at 1:50 PM, Steven B. Lever wrote:
> **
>
>
> Hi Gaurav:****
>
> ** **
>
> As I understand it, the percentage actually paid is done after the fact
> when the trustee expenses versus revenues is figured out. So they tell us
> to use 11%. Maybe someone knows the rules better than I.****
>
> ** **
>
> Steven B. Lever ****
>
> ** **
>
> *From:* cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com] *On Behalf
> Of *Gaurav Datta
> *Sent:* Monday, October 28, 2013 4:30 PM
> *To:* cdcbaa@yahoogroups.com
> *Subject:* [cdcbaa] Chapter 13 trustee fees****
>
> ** **
>
> ****
>
> Hi all, ****
>
> ** **
>
> Is there a statute or a local rule that sets the chapter 13 trustee fees
> at a certain percentage? I am curious as to the lowest percentage of the
> total plan our local CDCA chapter 13 trustees will take in fees. ****
>
> ** **
>
> --
> *Gaurav Datta, Esq.,LL.M
> 4401 Atlantic Ave, Ste 225
> Long Beach, CA 90807
> Phone: 562-984-2074
> Fax: 562-984-2081* ****
>
> ****
>
>
>
Why would they take less than the maximum allowed by law? If this is a Chapter 13 case, I believe the maximum is 10% and that's what they take.I am basing this on my reading of 28 U.S.C. 586 (e)(1)(B)
Sincerely, Michael AvanesianLaw Offices of David A. Tilemwww.tilemlaw.com
818-507-6000
On Tue, Oct 29, 2013 at 1:50 PM, Steven B. Lever <sblever@leverlaw.com> wrote:
Hi Gaurav:As I understand it, the percentage actually paid is done after the fact when the trustee expenses versus revenues is figured out. So they tell us to use 11%. Maybe someone knows the rules better than I.
Steven B. Lever
From: cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com] On Behalf Of Gaurav Datta
Sent: Monday, October 28, 2013 4:30 PMTo: cdcbaa@yahoogroups.comSubject: [cdcbaa] Chapter 13 trustee fees
Hi all,
Is there a statute or a local rule that sets the chapter 13 trustee fees at a certain percentage? I am curious as to the lowest percentage of the total plan our local CDCA chapter 13 trustees will take in fees.
The post was migrated from Yahoo.
Hi Gaurav:
As I understand it, the percentage actually paid is done after the fact
when the trustee expenses versus revenues is figured out. So they tell
us to use 11%. Maybe someone knows the rules better than I.
Steven B. Lever
The post was migrated from Yahoo.