- 11 U.S.C.
In re Parsons
Nov
17
2006
Ruling
Post-petition earnings remaining in debtors'possession or control on conversion date were estate property subject to lowest intermediate balance rule.
Procedural posture
The debtors filed for relief under chapter 13, and the matter was converted to a proceeding under chapter 7. The chapter 7 trustee filed a motion for turnover to the estate the value of the funds that the debtors had in a bank account at the time that the chapter 13 proceeding was filed.
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Court
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