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Bankruptcy

: The Debt Podcast

What Does ?Property Of The Estate? Mean?

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Property of the bankruptcy estate is defined by 11 USC section 541.  It specifically excludes certain assets of a debtor.  Other assets may be property of the estate at first, but later be excluded because they are abandoned by the trustee, redeemed by the debtor, sold, or claimed as “exempt” by the debtor.  It makes [...]

Full post as published by The Debt Podcast on October 31, 2008 (boomark / email).

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