11th Circuit: Property Sale Proceeds Belong To Estate Of Chapter 7 Debtor

11th Circuit: Property Sale Proceeds Belong To Estate Of Chapter 7 Debtor

ATLANTA - A panel of the 11th Circuit U.S. Court of Appeals on April 16 ruled that the sale proceeds resulting from a transaction that was agreed to prior to a debtor's Chapter 7 bankruptcy petition were property of the bankruptcy estate (William Arthur Thomas III v. Theresa M. Bender $(In Re: William Arthur Thomas III$), No. 12-13936, Chapter 7, 11th Cir.; 2013 U.S. App. LEXIS 7542).

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