SMALL DIVIDENDS

U.S. Bankruptcy Court for the Eastern District of North Carolina

Rule Set: Local Bankruptcy Rules of the U.S. Bankruptcy Court for the Eastern District of North Carolina

Rule: 3010-1

Jurisdiction: EDNCB

Bluebook Citation: Bankr. E.D.N.C. R. 3010-1

All Rules: Bankr. E.D.N.C. Local Bankruptcy Rules, complete index


Text

Rule 3010(b), Federal Rules of Bankruptcy Procedure, is amended to the extent that standing chapter 13 trustees are authorized to make payments to creditors in amounts smaller than $15 without waiting until that creditor's dividends accumulate to $15. The decision as to whether to make smaller payments shall be solely in the discretion of the trustee as to what is in the best interest of the individual estate.

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