Assets included in Bankruptcy Estate

The video tutorial explains the assets included in a bankruptcy estate, which generally encompasses all assets acquired by the debtor before filing for bankruptcy, as well as certain assets acquired within 180 days after filing. It also covers statutory exclusions under federal law, such as certain retirement accounts, and state law exemptions that allow debtors to retain certain property values outside the bankruptcy estate.

How do state laws affect the determination of what assets come into the bankruptcy estate?

What is the significance of the combination of state and federal law in the bankruptcy process?