Increased U.S. Trustee Fees Stick to ‘Revolvers’ but Not to Pending Cases
The struggle to roll back the U.S. Trustee fee is succeeding only with respect to companies whose chapter 11 cases were pending as of October 27, 2017, when the increase came into effect. Conversely, larger companies were dealt a setback when the Seventh Circuit reversed the bankruptcy court by ruling that the daily sweep on a revolving credit is a “disbursement” that must be included in calculating the U.S. Trustee fee.
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