S-1107 : Still Just a Bill

Bankruptcy Judgeship Act of 2017

This bill amends the federal judicial code to:

• convert certain temporary bankruptcy judges to permanent bankruptcy judges and authorize the appointment of additional bankruptcy judges in Delaware and Michigan;
• convert temporary bankruptcy judges to permanent bankruptcy judges in specified judicial districts in Florida, Maryland, Nevada, North Carolina, Puerto Rico, and Virginia; and
• authorize the appointment of an additional bankruptcy judge in the middle district of Florida.

The bill increases the quarterly fee payable to the U.S. trustee by chapter 11 (reorganization) debtors whose disbursements equal or exceed $1 million in a fiscal year unless the balance in the United States Trustee System Fund exceeds $200 million.

For FY2018-FY2022, 97.5% of the quarterly U.S. trustee fees shall be deposited as offsetting collections to the United States Trustee System Fund and 2.5% shall be deposited in the general fund of the Treasury.