bankruptcy estate

Definition of "bankruptcy estate"
  1. All assets, except specific pensions and educational trusts, owned by a debtor at the time of declaring bankruptcy
How to use "bankruptcy estate" in a sentence
  1. The car and the house were part of the bankruptcy estate and had to be sold to settle the debts.
  2. After the bankruptcy, most of the assets became a part of the bankruptcy estate.
  3. Legal agents assessed the bankruptcy estate to determine the value of all possessions.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z