Bankruptcy Estate
/ˈbæŋkrʌptsi ɪˈsteɪt/
Definitions
- (n.) The totality of a debtor's legal and equitable interests in property at the commencement of a bankruptcy case, subject to administration by the bankruptcy trustee.
The bankruptcy estate includes all assets owned by the debtor when the petition is filed.
Forms
- bankruptcy estate
- bankruptcy estates
Related terms
See also
Commentary
The bankruptcy estate serves as the central asset pool for distribution to creditors, distinct from the debtor's individual assets post-petition.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.