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Title 11, BankruptcyRelease 119-102

§1207 Property of the Estate

Title 11 › CHAPTER 12 — ADJUSTMENT OF DEBTS OF A FAMILY FARMER OR FISHERMAN WITH REGULAR ANNUAL INCOME › SUBCHAPTER I — OFFICERS, ADMINISTRATION, AND THE ESTATE › § 1207

Last updated Aug 21, 2026|Official source

Summary

The estate gets two extra kinds of property beyond what section 541 lists. First, it covers any similar property the debtor gets after the case starts and before the case is closed, dismissed, or converted to chapter 7, whichever happens first. Second, it covers pay or earnings the debtor makes from work after the case starts and before the case is closed, dismissed, or converted to chapter 7, whichever happens first. Unless section 1204, a confirmed plan, or a court order confirming a plan says otherwise, the debtor keeps possession of all estate property.

Full Legal Text

Title 11, §1207

Bankruptcy, Source: USLM XML via OLRC

(a)Property of the estate includes, in addition to the property specified in section 541 of this title—
(1)all property of the kind specified in such section that the debtor acquires after the commencement of the case but before the case is closed, dismissed, or converted to a case under chapter 7 of this title, whichever occurs first; and
(2)earnings from services performed by the debtor after the commencement of the case but before the case is closed, dismissed, or converted to a case under chapter 7 of this title, whichever occurs first.
(b)Except as provided in section 1204, a confirmed plan, or an order confirming a plan, the debtor shall remain in possession of all property of the estate.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification For repeal of section effective Oct. 1, 1998, and subsequent reenactment of section, see note set out preceding section 1201 of this title.

Statutory Notes and Related Subsidiaries

Effective Date

sPermanent reenactment of section effective July 1, 2005, see section 1001(a)(2) of Pub. L. 109–8, set out as a Repeal, Reenactment, and Termination of Chapter note under section 1201 of this title. For

Effective Date

s of section and

Amendments

extending periods for which section was reenacted prior to permanent reenactment, see

Effective Date

and

Effective Date

of 1999, 2001, 2002, 2003, and 2004 Amendment notes set out under section 1201 of this title.

Reference

Citations & Metadata

Citation

11 U.S.C. § 1207

Title 11, Bankruptcy

Last Updated

Aug 21, 2026

Release point: 119-102