The estate in bankruptcy does NOT include one of the following:_______
a. Property that was sold three years ago by the debtor.
b. Community property.
c. Property transferred in a transaction voidable by the trustee.
d. Proceeds and profits from the property of the estate.

Respuesta :

Answer:

Property that was sold three years ago by the debtor(A)

Explanation:

Property that was sold three years ago by the debtor :  Debtor has no legal claim on the property of the bankrupt.

Community property: This is also knows as marital property. It belongs to both partners in marriage. Community property is part of the bankruptcy estate, even if only one spouse files for bankruptcy.

Property transferred in a transaction voidable by the trustee : these are transactions that trustee can prove to be voidable and recover  transferred assets back to the bankrupt provided it can be proven to  have been improperly transferred.

Proceeds and profits from the property of the estate : These are income realized from the estate after trustee fee has been paid and other associated expenses.

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