What About My Airline Tickets in My Arizona Chapter 7 Bankruptcy?

By Joseph C. McDaniel on May 27, 2009 9:02 PM | | Comments (0)
Glad you asked.

Frequent readers will recall that the concept of property of the estate, described at 11 USC 541, is a broad category of stuff. In short, everything.

When a bankruptcy filing happens, a bankruptcy estate happens. Poof!

And all your stuff is in it. Let me be more precise: when a person files a Chapter 7 Bankruptcy in Arizona, with or without an Arizona bankruptcy lawyer, the filing creates a bankruptcy estate that contains all the assets of whatever kind and wherever located of the debtor.

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