bankruptcy estate

bankruptcy estate
bankruptcy estate
all legal or equitable interests of the debtor in property at the time of the bankruptcy filing. The estate includes all property in which the debtor has an interest, even if it is owned or held by another person (Glossary of Common Bankruptcy Terms)

generally, the property of the debtor that is subject to the jurisdiction of the bankruptcy court. (Common Bankruptcy Terms)

All legal and equitable interests of the debtor as of the commencement of a bankruptcy case (SA-Bankruptcy.com)

The estate is all of the legal and equitable interests of the debtor as of the commencement of the case. From the estate, an individual debtor can claim certain property exempt; the balance of the estate is liquidated in a Chapter 7 to pay the administrative costs of the proceeding and the claims of creditors according to their priority. (Bankruptcy in Brief)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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