December 28th, 2006 by Questions

What is summary administration as mentioned in one of the blogs – I couldn’t find it when I did a search.

## One Response to “Summary administration”

, Barton Goth, GCO Inc. Bankruptcy Trustees said:

When you file a bankruptcy there are 2 types of administrations; summary and ordinary. An ordinary administration is for bankruptcy that the anticipated receipts are going to exceed \$10,000, whereas a summary administration is for those estates with less than \$10,000 in revenues. The idea between these different administration types is the summary is a streamlined version that has less statutory and administrative tasks so that the cost of filing a bankruptcy in these simpler situations can be minimized.