In Re Monex, Inc.

MEMORANDUM AND ORDER ON TRUSTEE’S APPLICATION FOR COMPENSATION UNDER § 326(a)

RICHARD STAIR, Jr., Bankruptcy Judge.

At issue is the amount of compensation allowable to the Chapter 7 trustee under 11 U.S.C.A. § 326(a) (West 1979 and Supp. 1987). The trustee maintains the increased percentage allowance provided by the 1984 amendment to § 326(a) applies because the case, though originally filed under Chapter 11 prior to the effective date of the amendment, was converted to Chapter 7 after the effective date of the amendment.

Based upon disbursements totaling $373,-191.99, John P. Newton, Jr.,…