Fact Pattern 30-1A (Questions A8-A9 apply)
Stacy sells her all-terrain vehicle (ATV)to her brother Terrill for $1,000.Twelve days later,Stacy files a petition in bankruptcy for relief through a liquidation.
-Refer to Fact Pattern 30-1A.Terrill dies while riding the ATV.Stacy is Terrill's only heir.With respect to the bankruptcy estate,the inheritance is

Question

Quizplus · Accepted Answer

Under bankruptcy law, any property that the debtor acquires within 180 days after filing for bankruptcy becomes part of the bankruptcy estate. Since Terrill died within 12 days of the sale, the inheritance from him would be part of Stacy's bankruptcy estate if he died within 180 days of her filing.

Fact Pattern 30-1A (Questions A8-A9 Apply)