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CHAPTER 12 NOTES     (Page 136)

1. In North Carolina and Alabama, bankruptcy administrators perform similar functions that U.S. trustees perform in the remaining fortyeight states. The bankruptcy administrator program is administered by the Administrative Office of the United States Courts, while the U.S. trustee program is administered by the Department of Justice. For purposes of this publication, references to U.S. trustees are also applicable to bankruptcy administrators.

2. Section 507 sets forth 10 categories of unsecured claims which Congress has, for public policy reasons, given priority of distribution over other unsecured claims.

3. A fee of $25 is charged for converting a case under chapter 12 to a case under chapter 7.

 

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