(a) Chapter 7 Cases. In a chapter 7 case no dividend in an amount less than $5 shall be distributed by the trustee to any creditor unless authorized by local rule or order of the court. Any dividend not distributed to a creditor shall be treated in the same manner as unclaimed funds as provided in § 347 of the Code.
(b) Chapter 12 and Chapter 13 Cases. In a chapter 12 or chapter 13 case no payment in an amount less than $15 shall be distributed by the trustee to any creditor unless authorized by local rule or order of the court. Funds not distributed because of this subdivision shall accumulate and shall be paid whenever the accumulation aggregates $15. Any funds remaining shall be distributed with the final payment.
(As amended Mar. 30, 1987, eff. Aug. 1, 1987; Apr. 30, 1991, eff. Aug. 1, 1991.)
added in current removed in current
Compared to current version (2025).
(a) Chapter 7 Cases. In a cChapter 7 case no dividend in an amount less than $5 shall be distributed by the trustee , the trustee must not distribute to a creditor any creditordividend less than $5 unless authorized to do so by local rule or order of the courtcourt order. Any dividend not distributed to a creditor shallmust be treated in the same manner as unclaimed funds as provided in § 347 of the Code.
(b)under § 347.
(b) Subchapter Vof Chapter 11, Chapter 12, and Chapter 13 Cases. In a case under Subchapter 12 or cV of Chapter 13 case no payment in an amount less than $15 shall be distributed by the truste1, or under Chapter 12 or 13, the trustee must not distribute to any creditor any payment less than $15 unless authorized to do so by local rule or order of the court. Funds not distributed because of this subdivision shall accumulate and shall be paid whenever the accumulation aggregates $15. Any funds remaining shallcourt order. Distribution must be made when accumulated funds total $15 or more. Any remaining funds must be distributed with the final payment.
(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.)