I am looking over my confirmation document and wonder if anybody knows what this ominous sounding language means:
All property of the estate as defined in U.S.C. 541 and 1306, including, but not limited to, any appreciation in the value of real property owned by the debtor as of the commencement of the case, shall remain property of the estate during the term of the plan and shall vest in the debtor only upon discharge. All property of the estate shall remain within the the exclusive jurisdiction of the bankruptcy court. The debtor shall not transfer, sell or otherwise alienate property of the estate... The debtor shall be responsible for preserving and protecting the property of the estate.
I know this probably means that I cannot sell my house or car without some type of permission, but what about other "small" assets? For, example I had listed on my petition, furniture and equipment for my small business, but the value collectively for those items is less than $2,500.
All property of the estate as defined in U.S.C. 541 and 1306, including, but not limited to, any appreciation in the value of real property owned by the debtor as of the commencement of the case, shall remain property of the estate during the term of the plan and shall vest in the debtor only upon discharge. All property of the estate shall remain within the the exclusive jurisdiction of the bankruptcy court. The debtor shall not transfer, sell or otherwise alienate property of the estate... The debtor shall be responsible for preserving and protecting the property of the estate.
I know this probably means that I cannot sell my house or car without some type of permission, but what about other "small" assets? For, example I had listed on my petition, furniture and equipment for my small business, but the value collectively for those items is less than $2,500.
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