After-acquired property: trustee may claim estate interest by notice, subject to exceptions and good-faith purchaser protection. Bankruptcy trustee may claim after-acquired property for the estate by giving notice to the bankrupt, except for excluded assets or property obtained after a discharge order. The notice must be given within fifteen days of the trustee's knowledge, subject to Adjudicating Authority approval for late service. Deemed-knowledge rules apply to successors and pre-appointment information, and claims do not affect persons who acquired rights in good faith, for value and without notice. 'After-acquired property' means property acquired by or devolved upon the bankrupt after the bankruptcy commencement date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
After-acquired property: trustee may claim estate interest by notice, subject to exceptions and good-faith purchaser protection.
Bankruptcy trustee may claim after-acquired property for the estate by giving notice to the bankrupt, except for excluded assets or property obtained after a discharge order. The notice must be given within fifteen days of the trustee's knowledge, subject to Adjudicating Authority approval for late service. Deemed-knowledge rules apply to successors and pre-appointment information, and claims do not affect persons who acquired rights in good faith, for value and without notice. "After-acquired property" means property acquired by or devolved upon the bankrupt after the bankruptcy commencement date.
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