Podcast
Questions and Answers
What is the role of the bankruptcy trustee in a chapter 7 bankruptcy?
What is the role of the bankruptcy trustee in a chapter 7 bankruptcy?
- Collecting and selling the property of the estate (correct)
- Appointing a trustee for the debtor in possession
- Overseeing the debtor's payment plan
- Advising the debtor in possession
Under what circumstances would a trustee be appointed in a chapter 11 bankruptcy?
Under what circumstances would a trustee be appointed in a chapter 11 bankruptcy?
- If the debtor in possession requests
- If the creditor requests and the court approves (correct)
- If the court deems it necessary for reorganization
- If the debtor files a petition
In a chapter 13 bankruptcy, what is the role of the bankruptcy trustee?
In a chapter 13 bankruptcy, what is the role of the bankruptcy trustee?
- Selling the property of the estate
- Taking possession of the property of the estate
- Overseeing the debtor's payment plan (correct)
- Appointing a trustee for the debtor in possession
What is included in the bankruptcy estate according to §541(a)?
What is included in the bankruptcy estate according to §541(a)?
What is included in the bankruptcy estate as of the commencement of the case?
What is included in the bankruptcy estate as of the commencement of the case?
Under Chapter 7, are wages paid 8 days after filing for bankruptcy part of the bankruptcy estate?
Under Chapter 7, are wages paid 8 days after filing for bankruptcy part of the bankruptcy estate?
What happens to a lease or executory contract under section 365 of bankruptcy law?
What happens to a lease or executory contract under section 365 of bankruptcy law?
What is the effect of Rejection under section 365 of bankruptcy law on the property of the estate?
What is the effect of Rejection under section 365 of bankruptcy law on the property of the estate?
Under §541(c)(2), what type of retirement plan is excluded from the bankruptcy estate?
Under §541(c)(2), what type of retirement plan is excluded from the bankruptcy estate?
What is the treatment of a lease or executory contract under section 365 of bankruptcy law?
What is the treatment of a lease or executory contract under section 365 of bankruptcy law?
What is excluded from the bankruptcy estate under §541(b)(7)?
What is excluded from the bankruptcy estate under §541(b)(7)?
What is included in the bankruptcy estate for Chapter 11, 12, 13 debtors' earnings from postpetition services?
What is included in the bankruptcy estate for Chapter 11, 12, 13 debtors' earnings from postpetition services?
What counts as property of the estate under 'all legal or equitable interests'?
What counts as property of the estate under 'all legal or equitable interests'?
Is only 50% of Blackacre considered property of the estate?
Is only 50% of Blackacre considered property of the estate?
Are the Jetta and wedding ring part of the bankruptcy estate?
Are the Jetta and wedding ring part of the bankruptcy estate?
