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Bankruptcy

: Bankruptcy Law Network

Real Estate Commissions Lost to Chapter 7 Trustee, Even When Closings Occurred After Bankruptcy Filing

By Craig Andresen, Attorney at Law

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According to the Eighth Circuit Bankruptcy Appellate Panel, real estate commissions due from purchase agreements entered into prior to the filing of a chapter 7 case were property of the bankruptcy estate, even though the closings occurred after the case was filed, and even though the real estate agent continued to perform services after the [...]

Full post as published by Bankruptcy Law Network on May 27, 2009 (boomark / email).

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