logo logo-sm

News Room

Control of bank account can constitute ownership

In de la Pena Stettner v. Smith (In re IFS Financial Corp.), the US Court of Appeals for the Fifth Circuit affirmed that a chapter 7 debtor’s control over certain bank accounts was sufficient to to establish de facto ownership.  Accordingly, the accounts were considered ‘property of the estate.’  A summary of the opinion and copy of opinion can be found here.

Print Email

Contact Us

1411 West Ave
Suite 200
Austin, TX 78701
Tel: 512.473.8676
Fax : 512.852.4407
Email : peter@ruggerolaw.com
Download Peter Ruggero's vCard

Proven Results

The firm serves its clients by listening to and understanding their needs and then providing appropriate advice and representation. In addition to general civil litigation and business law, the firm focuses on collections, bankruptcy and commercial litigation.