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Property of the Estate & Inherited Property
Property of the Estate & Inherited Property

11 USC 541(a) dictates that upon the filing of a bankruptcy case, an estate is created. This estate includes all legal and equitable interests of the debtor at the time of filing, and in certain instances, interests in property that arise after the filing of a bankruptcy ...

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Blog posts in Chapter 13

  • Motion to Extend the Automatic Stay

    One of the most important protections bankruptcy affords - and one could make the argument that it is the most important - is the protection afforded ...

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  • Handling a Trustee's Motion to Dismiss

    Bankruptcy can be a stressful time in someone's life. They're dealing with financial terms and issues they're not overtly familiar with, creditors are ...

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  • Cramming Down a Vehicle in Chapter 13 Bankruptcy

    A Chapter 13 bankruptcy affords a debtor the opportunity to cram down certain secured debts to their actual value, not merely the principal balance ...

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  • Avoiding Judicial Liens

    When you are preparing to file bankruptcy, it is best to discuss with your bankruptcy attorney whether you have any judicial liens against your ...

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  • Preparing for the 341 Meeting of Creditors

    The idea of going to court can bring trepidation to even the calmest individuals. This is especially true in bankruptcy situations, where financial ...

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  • Chicago Foreclosures Spike in October 2013

    According to a story published in the Chicago Tribune on November 13, 2013, Chicago-area foreclosure filings rose nearly 30% in October 2013. This ...

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  • Meeting With Your Attorney

    Bankruptcy law is complex and difficult to understand. Attempting to navigate the various rules, laws, and legal framework, not to mention completing ...

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  • Objecting to Proof of Claims

    In some Chapter 7 bankruptcies, particularly those where assets are found and thus available for distribution to unsecured creditors, and all Chapter ...

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  • What is the Automatic Stay?

    Once a bankruptcy case is filed, a bankruptcy restraining order is automatically issued. This restraining order, which functions much like a typical ...

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