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New Claims Transfer Fee to Take Effect May 1, 2013

Monday, April 22, 2013


Effective May 1, 2013, the bankruptcy courts will begin charging a new fee of $25 for
each claim transferred. This fee was approved by the Judicial Conference of the United
States at its September 2012 session.

In considering this fee, the Judicial Conference Committees with jurisdiction over
bankruptcy fees recognized the impact a transfer of a claim has on the workload of the
bankruptcy courts, including impact on court time and resources. Bankruptcy Rule
3001(e) requires the clerk of court to notice a transferred claim, and provides additional
notice and hearing requirements if an objection to a transfer is made.

The fee will be assessed by bankruptcy courts upon the filing of the claim transfer,
whether filed by a transferee or transferor. It will apply to partial claims transfers as well.
In the event multiple claims transfers are filed at one time by one entity (claims upload or
batch filing), the $25 fee will be charged for each individual claim transferred.

The fee must be paid by credit card upon the filing of the claims transfer in CM/ECF
using, ACH Debit card, or by whatever means is designated by the court if the
claim transfer is not filed electronically. An entity that electronically handles claims
transfers must ensure that the individual filing a transfer is authorized to pay this fee by
credit card.

Entities that transfer claims should be aware that courts may be reviewing user accounts,
account access, and the number of accounts authorized for a particular entity in
anticipation of this fee.