Bankruptcy Glossary

Bankruptcy Law Terms -E-

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z #

• Equity

• Estate

• Examiner

• Exception from discharge

• Exclusivity period

• Executory contract

• Exempt property

Glossary of Bankruptcy Law Terms

Legal Glossaries Index Page

Equity: The value of an asset over and above any encumbrances.

Estate: The commencement of a bankruptcy case creates an "estate." The estate technically becomes the temporary legal owner of all of the debtor's property. 
The debtor's creditors are paid from nonexempt properties of the estate.

Examiner: A person appointed by the court to investigate the debtor usually in Chapter 11 case only.

Exception from discharge: A debt that is not allowed to be discharged in a bankruptcy case.

Exclusivity period: The period following the filing of a Chapter 11 petition, during which the debtor has the exclusive right to file a plan.

Executory contract: A contract in which both parties have duties remaining to be satisfied 

Exempt property: Category of debtor's property that is not taken to satisfy debts.