The Estate in Chapter 13
Learn about property of the estate in chapter 13, the standing trustee's role and responsibilities, the debtor's status as debtor-in-possession, and the codebtor stay.
Transcript
As with every other Bankruptcy Code chapter, except chapter 9, an estate comes into being once a debtor files a petition for relief under chapter 13. But in chapter 13, the estate operates quite differently from chapter 7. The relevant distinctions generally involve who is in charge of estate property and precisely what property belongs to the estate.
I. The Chapter 13 Standing Trustee
As you may recall from another lesson, in chapter 7, the appointed or elected bankruptcy trustee takes control...