Federal Rules of Bankruptcy Procedure
Rule 3010 — Chapter 7, Subchapter V of Chapter 11, Chapter 12, and Chapter 13—Limits on Small Dividends and Payments
Fed. R. Bankr. P. 3010
This text of Fed. R. Bankr. P. 3010 (Chapter 7, Subchapter V of Chapter 11, Chapter 12, and Chapter 13—Limits on Small Dividends and Payments) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Fed. R. Bankr. P. 3010.
Text
(a)CHAPTER 7. In a Chapter 7 case, the trustee must not distrib-
ute to a creditor any dividend less than $5 unless authorized to do
so by local rule or court order. A dividend not distributed must be
treated in the same manner as unclaimed funds under §347.
(b)SUBCHAPTER V OF CHAPTER 11, CHAPTER 12, AND CHAPTER 13.
In a case under Subchapter V of Chapter 11, or under Chapter 12
or 13, the trustee must not distribute to a creditor any payment
less than $15 unless authorized to do so by local rule or court
order. Distribution must be made when accumulated funds total
$15 or more. Any remaining funds must be distributed with the
final payment.
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Advisory Committee Notes
(As amended Mar. 30, 1987, eff. Aug. 1, 1987; Apr. 30, 1991, eff. Aug. 1, 1991; Apr. 11, 2022, eff. Dec. 1, 2022; Apr. 2, 2024, eff. Dec. 1, 2024.)
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Fed. R. Bankr. P. 3010, Counsel Stack Legal Research, https://law.counselstack.com/rule/frbp/3010.