by Andrew Toth-Fejel, Bankruptcy Litigation Support for Attorneys, Andy@BLSforAttorneys.com
The US Trustee's office generates a highly detailed spreadsheet entitled Chapter 13 Standing Trustee FY07 Audited Annual Reports, containing about 60 statistical facts on each of the nearly 200 standing Chapter 13 trustees. Here are some definitely interesting, and in some cases perhaps useful, bits of information gleaned from that spreadsheet. (Federal Fiscal Year 2007 (FY07) is the period from Oct. 1, 2006 through Sept. 30, 2007).
First, some highlights:
- Total payments made by Chapter 13 debtors to the trustees: more than $5 billion.
- National average of ongoing mortgage payments paid through the trustee is about $3.8 million per trustee, but almost none for the Oregon trustees because these are virtually all paid outside the plan here; clearly not elsewhere.
- Ongoing domestic support payments are much less than average in Oregon, presumably because of procedures that tend to have these regular payment be made directly to the recipients or their governmental agents.
- Other priority debt disbursements--presumably mostly taxes and support arrearage, were substantially higher in Lynch and Long's offices than the average.
- Disbursements of debtors' attorney fees were more than double the average in Lynch's office, about average in Long's.
- Trustee fees collected by Lynch's office: about $1.8 million; by Long's office: about $1.4 million.
***CAVEAT: I could not locate an explanatory guide for using this Annual Reports spreadsheet, which would especially help with more precise meanings of some of the terminology. If any of my readers are aware of any such guide, or if any reader believes I misconstrued any entry on this spreadsheet, please contact me.***
_______________________________________________
GROSS DEBTOR PAYMENTS
National Total:
$5,310,173,498
National Average per Trustee:
$27,657,154Brian Lynch's Office:
$32,527,173
Fred Long's Office:
$22,272,497
Robert Ridgway's Office:
$826,605
_______________________________________________ONGOING MORTGAGE PAYMENTS
National Total:
$727,731,899
National Average per Trustee:
$3,790,270
Brian Lynch's Office:
$27,530
Fred Long's Office:
$0
Robert Ridgway's Office:
$0
______________________________________________
MORTGAGE ARREARAGES DISBURSEMENTS
National Total:
$416,694,300
National Average per Trustee:
$2,170,283
Brian Lynch's Office:
$1,982,058
Fred Long's Office:
$1,315,176
Robert Ridgway's Office:
$55,406
___________________________________________________
ALL OTHER SECURED DEBT
National Total:
$ ?
National Average per Trustee:
$9,373,711
Brian Lynch's Office:
$6,611,810
Fred Long's Office:
$5,279,839
Robert Ridgway's Office:
$112,875
$7,102,629
National Average per Trustee:
$36,993
Brian Lynch's Office:
$10,059
Fred Long's Office:
$0
Robert Ridgway's Office:
$5,751
__________________________________________________________ALL OTHER PRIORITY DEBT
National Total:
$284,781,007
Average per Trustee:
$1,483,205
Brian Lynch's Office:
$5,274,796
Fred Long's Office:
$3,022,529
Robert Ridgway's Office:
$101,055
____________________________________________________
UNSECURED PAYMENTS
National Total:
$1,345,850,898
National Average per Trustee:
$7,009,640
Brian Lynch's Office:
$11,658,467
Fred Long's Office:
$8,783,899
Robert Ridgway's Office:
$360,967
_______________________________________________
DEBTOR ATTORNEYS' PAYMENTS
National Total:
N/A
National Average per Trustee:
$2,035,753
Brian Lynch's Office:
$4,490,177
Fred Long's Office:
$2,306,708
Robert Ridgway's Office:
$88,425
_______________________________________________
AVERAGE % FEES
National Average per Trustee:
6.4%
Brian Lynch's Office:
5.4%
Fred Long's Office:
6.2%
Robert Ridgway's Office:
10.0%
FEES TRANSFERRED
National Totals:
$256,256,713
National Average per Trustee:
$1,224,670
Brian Lynch's Office:
$1,816,115
Fred Long's Office:
$1,373,480
Robert Ridgway's Office:
$81,832
____________________________________________
EMPLOYEE SALARIES
National Totals:
$126,010,122
National Average per Trustee:
N/A
Brian Lynch's Office:
$877,332
Fred Long's Office:
$685,152
Robert Ridgway's Office:
$26,519
TOTAL ACTUAL EXPENSES
National Totals:
$239,555,018
National Average per Trustee:
$1,247,682
Brian Lynch's Office:
$1,726,215
Fred Long's Office:
$1,171,865
Robert Ridgway's Office:
$39,650
_______________________________________________
ACTUAL COMPENSATION
National Totals:
$31,847,130
National Average per Trustee:
$165,870
Brian Lynch's Office:
$173,523
Fred Long's Office:
$173,523
Robert Ridgway's Office:
$41,431
By Andrew Toth-Fejel, Bankruptcy Litigation Support for Attorneys, Andy@BLSforAttorneys.com
© 2008 Bankruptcy Litigation Support for Attorneys
Posts
