How can bankruptcy trustee’s demand the debtor’s real estate commission from escrows open when the bankruptcy case is filed? Twice this month, I’ve watched debtors and their counsel surprised by the turnover demand of Chapter 7 trustees for the proceeds of a real estate transaction pending when the case commencement, but closing weeks after the […]
Surrendering Property in Bankruptcy
Apart from Selling your home in a stress-free manner, many things are revolving around properties that you need to know. Your client’s statement that he is surrendering property in his bankruptcy case is nothing more than a statement of future intentions. Intentions can be changed, and action is required to actualize that intention. An intention […]
