Unscheduled Rights of Action

Debtors occasionally attempt to assert property rights that existed at the time of their bankruptcy filing. When those rights were not fully disclosed in the debtor's schedules, there is a problem.

15 minute read August 29, 2012 at 10:23 AM

Jack L. Smith

A cornerstone of the bankruptcy system is the principle that property of the estate must be preserved and administered for the benefit of creditors, and that the debtor's fresh start entitles him to whatever he acquires later.

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