{"id":302,"date":"2010-08-16T17:46:42","date_gmt":"2010-08-16T22:46:42","guid":{"rendered":"https:\/\/kevinkgipson.com\/?p=302"},"modified":"2013-09-28T14:40:12","modified_gmt":"2013-09-28T19:40:12","slug":"what-is-a-bankruptcy-estate","status":"publish","type":"post","link":"https:\/\/kevinkgipson.com\/?p=302","title":{"rendered":"What Is A Bankruptcy Estate?"},"content":{"rendered":"<p>A bankruptcy estate consists of all\u00a0of the property\u00a0that a debtor has at the time of the filing of his bankruptcy.\u00a0<\/p>\n<p>\u00a0The bankruptcy estate comes into existence when a Chapter 7 or Chapter 13 bankruptcy is filed.\u00a0<\/p>\n<p>Some of the items included in the\u00a0estate are:<\/p>\n<ul>\n<li>\u00a0Real Estate;<\/li>\n<li>\u00a0Furnishings;<\/li>\n<li>\u00a0Vehicles;<\/li>\n<li>\u00a0Retirement plans;<\/li>\n<li>\u00a0Clothing;<\/li>\n<li>\u00a0Lawsuits or other causes of action;<\/li>\n<li>\u00a0Property left to an individual in a will\u00a0or inherited within 180 days of filing for bankruptcy.<\/li>\n<\/ul>\n<p>Even though\u00a0you must disclose all of your\u00a0assets, many of the items in your estate are\u00a0<a title=\"Exemption\" href=\"https:\/\/kevinkgipson.com\/?page_id=36\" target=\"_blank\">exempt<\/a> from administration.<\/p>\n<p>If items are exempt you are able to keep it them.<\/p>\n<p>Even when the property cannot be exempted it may be of little monetary value to the trustee and will be abandoned back to the debtor.<\/p>\n<p>A debtor who fails to list all of his\u00a0property runs the following risks:<\/p>\n<ul>\n<li>\u00a0Having his discharge either denied or revoked;<\/li>\n<li>Having otherwise exempt items lose their exempt status;\u00a0<\/li>\n<li>In extreme circumstances, fines and jail time.<\/li>\n<\/ul>\n<p>The assets in your bankruptcy estate usually vary from State to State.\u00a0<\/p>\n<p>Contact an experienced bankruptcy attorney.<\/p>\n<p>\nby <a href=\"http:\/\/www.bankruptcylawnetwork.com\/kevin-gipson-new-orleans-bankruptcy-attorney\/\" rel=\"author\">Kevin Gipson<\/a>, New Orleans, Louisiana bankruptcy lawyer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A bankruptcy estate consists of all\u00a0of the property\u00a0that a debtor has at the time of the filing of his bankruptcy.\u00a0 \u00a0The bankruptcy estate comes into existence when a Chapter 7 or Chapter 13 bankruptcy is filed.\u00a0 Some of the items &hellip; <a href=\"https:\/\/kevinkgipson.com\/?p=302\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[109,46,111,110,67,64,65],"class_list":["post-302","post","type-post","status-publish","format-standard","hentry","category-bankrputcy","tag-bankruptcy-estate","tag-chapter-7","tag-chapter13","tag-exemption","tag-kevin-gipson","tag-new-orleans-bankruptcy-attorney","tag-new-orleans-bankruptcy-lawyer"],"_links":{"self":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts\/302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=302"}],"version-history":[{"count":6,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts\/302\/revisions"}],"predecessor-version":[{"id":483,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts\/302\/revisions\/483"}],"wp:attachment":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}