Legal Question in Bankruptcy in Illinois

Fed. Bankruptcy Judgement Against Defendant

I entered into an agreement with the Debtors

BK Trustee, with provision in agreement that

I pay a sum of Money, and Debtor releases my

personal property. Order was signed by a

Judge, one month later the Judge rules the

part of the agreement that releases my

property improper, due to the lack of signing

the agreement by the Debtor. BK Trustee

states to Judge, that Debtor agreed to

release property listed in agreem.Debtor

refuses says propert. is his.How can I be

held to this agreement?When the part that is

in my favor is Void.What can I do?I have been

representing self-Pro-SE


Asked on 4/29/99, 12:34 am

1 Answer from Attorneys
Charles Dobra Charles Wm. Dobra, Ltd.

Re: Fed. Bankruptcy Judgement Against Defendant

There have to be more facts than what you related. E.g., could it be that you gave your property to the debtor post-petition? As a general rule, all property of the debtor at the time of the filing of a bankruptcy petition becomes property of the bankruptcy estate, and the Trustee by operation of law becomes the erstwhile "owner" and can deal with this property to make $$ for the estate.

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Answered on 5/03/99, 4:39 pm


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