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In re Michener

In re Michener

Ruling
Employee stock options were property of the estate whether or not exercisable on filing date.
Procedural posture

After debtors filed a chapter 7 bankruptcy petition, movant trustee objected to the debtors'exemptions and moved for an order compelling turnover of property of the debtors'estate pursuant to 11 U.S.C. § 542 and an order declaring employee stock options ("ESOs") to be property of the debtors'estate.

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opinion summary, case decided on May 26, 2006 , LexisNexis #0906-063