Copyright 2007-8 Sherk & Swope, LLC
Member: Bankruptcy Law Network
Bankruptcy Estate

The property owned by a debtor upon filing bankruptcy, plus certain property acquired or earned during the case, and certain inheritances received during the 6-monthe period after filing.  The estate can also recover certain property that may have been given or taken away during specific time periods prior to the beginning of the case.

The estate is also limited to property to non-exempt assets and property not excluded from the estate by law (e.g. 401(k) plans), or removed from the estate by operation of law or by motion and order of the court.
3/08
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