Property of the Estate

What happens to the property I acquire after filing for bankruptcy?

The general rule in chapter 7 cases is that property acquired by the debtor after the bankruptcy has been filed remains the debtor’s and

Contempt Upheld for Injunction Not Yet Reduced to Writing

In one more chapter of the Gary Bradley bankruptcy, the Fifth Circuit Court of Appeals upheld a finding of contempt against the Lazarus Exempt Trust based upon conduct occurring between the court's oral pronouncement of an injunction and its reduction to writing. Matter of Gary Bradley, No. 08-50587 (5th Cir. 11/11/09).

Will They Take My Annuity if I File for Bankruptcy?

A 32-year-old single mother of two filed for chapter 7 bankruptcy in Kansas and lost her $900 monthly lifetime annuity payment.  This week she lost her attempt to protect the annuity from her creditors and the bankruptcy trustee.
The chapter 7 bankruptcy trustee likely will sell the future stream of annuity payments for a lump sum [...]