Belisa Pang

One Size Fits None: An Overdue Reform for Chapter 7 Trustees

Despite their differences, consumer and business Chapter 7 cases are administered by the same trustees under the same rules. We advance normative arguments against this one-size-fits-all approach, buttressed by novel empirical research. Two policy changes are appropriate: (1) trustee compensation should differ by case type, and (2) trustees should specialize.