Definition from Nolo’s Plain-English Law Dictionary
In a Chapter 13 bankruptcy case, the trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case, which the debtor must pay in full. Administrative costs are typically 10% of the debtor's total payments under the repayment plan.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:10 pm