Post-Petition Property Transfers

Post-Petition Property Transfers Every so often clients will ask me if they can sell, give away, deed, or transfer property after their bankruptcy is filed.  I’m glad that they ask, because the consequences for a prohibited post-petition property transfer are steep. Let’s quickly review how property works in bankruptcy.  Once you file bankruptcy, all property becomes property of the bankruptcy … Continue reading »

Motion To Abandon Property Of The Estate

The motion to abandon property of the estate is one of the most important parts of motion practice in bankruptcy.  It is particularly important in chapter 7 bankruptcy, because the chapter 7 trustee takes control of all property of the estate.  Additionally, it is important to understand how it works when you omit property from your bankruptcy schedules. Let’s start … Continue reading »