American InfoSource President Testifies Before House Judiciary Committee
July 27, 2011
American InfoSource President, Blake Hogan, testified before the House Judiciary Committee on the issue of “Chapter 7 Bankruptcy Trustee Responsibilities and Remuneration.”
Hogan’s testimony stated that while American InfoSource supports an increase in Chapter 7 Trustee compensation, an increase in commissions in Chapter 7 asset cases would aid only a select few trustees and would likely impose costs on creditors, in the form of reduced dividends, without collateral benefits to creditors.
Hogan said it may be advisable for Congress to increase compensation in “no asset” Chapter 7 cases by increasing the statutory “no asset” fee.
Click Here to read Hogan's full written statement