Are Receiver fees based on the amount of recovered funds?

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Are Receiver fees based on the amount of recovered funds?

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No. The Receiver and his staff are compensated on an hourly basis, as approved by the Court. The Receiver is not paid a percentage of recovered funds. For example, if it takes one hour to recover one million dollars, then the Receiver bills only for the one hour of time spent. In addition, any out of pocket expenses such as postage etc. may also be reimbursed.