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
Fed. R. Bankr. P. 3010 (Chapter 7, Subchapter V of Chapter 11, Chapter 12, and Chapter 13—Limits on Small Dividends and Payments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.)