Tag Archives: bankruptcy code

SCOTUS Opinion: Passive Retention of a Debtor’s Property Does Not Violate Bankruptcy Automatic Stay

After Chicago impounded their vehicles for unpaid fines, the owners filed petitions for bankruptcy. The Bankruptcy Code automatically creates an estate comprising of all of the debtor’s property interests, requires those in possession of such property to deliver it to the trustee, and creates a stay prohibiting “any act to obtain possession of the property of the estate or of ... Read More