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The info in my question above concerns the trustee's wish to sell my residence therefore drop in the value of the expensive property in order to show the Court there is not enough money to give to my deceased ex husband's estate therefore sell the residence. I bought my own properties and have watched the trustee squander my estate for his own benefit.
I am trying to work up a new botXXXXX XXXXXne for the net proceeds from a sale of my esidence but have not included the trustee's percentage of a sale for $1,200,000.00 sale or if the percentage is taken off the top number or from the net profit. You previously gave me information on trustee's fees. I went to the site but it did not give me an answer. Would the trustee get 3% from the net profits from a 1,200,000.00 sale?
Bankr. Code 326 imposes a sliding scale percentage cap on the trustee's reasonable compensation based on "all moneys disbursed or turned over in the case" by the trustee to parties in interest (including secured creditors but excluding the debtor):
Hope this helps.
Thank you but I am not sure how to figure this out. The sale price is 1,200,000.00. Does the 3% come off of the net profits or from the listing price?
I know the trustee has been paid from another sale - at least over 50K and antiicipates 225K from the expensive sale.
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