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MINNESOTA CLE FAMILY LAW INSTITUTE 2012 ... - Larkin …

MINNESOTA CLE FAMILY LAW INSTITUTE 2012 THE INTERSECTION BETWEEN FAMILY LAW AND bankruptcy LAW Last Updated March, 2012 Materials by: Kenneth Corey-Edstrom e-mail: Larkin Hoffman Daly & Lindgren Ltd. 1500 Wells Fargo Plaza 7900 Xerxes Avenue South Bloomington, MINNESOTA 55431 (952) 835-3800 website: Additional Materials by Joani C. Moberg: e-mail: Henschel Moberg 100 Washington Avenue South Suite 1325 Minneapolis, MN 55401 (612) 326-6000 Website: 2012 Larkin Hoffman Daly & Lindgren. All Rights Reserved 1 TABLE OF CONTENTS I. WHAT IS bankruptcy .. 4 II. bankruptcy CHAPTERS .. 4 A. Chapter 7-Liquidation .. 4 B. Chapter 11 .. 5 C. Chapter 12 .. 5 D. Chapter 13 .. 5 III. STRUCTURE AND FUNCTIONING OF bankruptcy .. 5 A. The Estate .. 5 B. Venue .. 6 C. The bankruptcy Trustee.

Bankruptcy law and family law is the same in a Chapter 11 case as in a Chapter 7 case except that in an individual Chapter 11, the debtor acts as his or her own Trustee. C. Chapter 12

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