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CLLA NEWSWIRE | FROM THE CLLA NEWSWIRE
New Claims Transfer Fee Starts May 1
Staff, Staff | April 08, 2013
Bankruptcy courts will institute a new $25 fee for filing evidence of claims transfer that will take effect May 1, 2013.
The new fee was approved by the Judicial Conference of the U.S. The fee must be paid by the creditor that files evidence of the transfer and must be paid by "credit card, using Pay.gov, when the claims transfer is filed with the courts' Case Management/Electronic Case Files system or by whatever means is designated by the court if the claim transfer is not filed electronically."
Debtors filing for bankruptcy protection will not be affected by the fee.
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