Caillouet v. JFK Capital Holdings, LLC

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The Fifth Circuit affirmed the district court's decision vacating and remanding the bankruptcy court's order calling for a reduction in the trustee's requested fee. Determining that creditors have standing, the court held that the percentage amounts listed in 8 U.S.C. 326 are presumptively reasonable for Chapter 7 trustee awards. The court found the reasoning in Mohns, Inc. v. Lanser, 522 B.R. 594, 601 (E.D. Wis.), persuasive in addressing the statutory provisions at issue. Therefore, the court remanded for redetermination of the award. View "Caillouet v. JFK Capital Holdings, LLC" on Justia Law