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Bankruptcy Estate & The Realtor’s Open Escrow

By Cathy Moran, Esq. Filed Under: Bankruptcy Practice

Real estate for sale

How can bankruptcy trustee’s demand the debtor’s real estate commission fromĀ  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 […]

Filed Under: Bankruptcy Practice Tagged With: practice bankruptcy, property of the bankruptcy estate, real estate

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