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Bankruptcy

: Bankruptcy Law Network

Married Debtors; Separate Bankruptcy Estates

By L. Jed Berliner, Massachusetts Bankruptcy Attorney

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Two spouses file one bankruptcy case. They get one trustee, one case number, one meeting of creditors, etc. But they are still two separate people with two separate bankruptcy estates. Here’s why it’s important. If someone dies within six months after a bankruptcy is filed, the inheritance is property of the bankruptcy estate. However, that inheritance [...]

Full post as published by Bankruptcy Law Network on May 31, 2009 (boomark / email).

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