Bankruptcy Estate

A bankruptcy estate is created upon the filing of the bankruptcy petition. All of the debtor’s property and interests becomes part of the bankruptcy estate.

In a Chapter 7 case, the bankruptcy estate is administered by a trustee. In a Chapter 11 case, the bankruptcy estate may be administered by a Debtor in Possession or a trustee.

About The DailyDAC Editors

The editors and editorial board of DailyDAC include preeminent restructuring and insolvency professionals, journalists, and editors. They are devoted to providing reliable and plain English education and deal intelligence about assignments, corporate bankruptcy, receiverships, out-of-court workouts and similar topics.

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