The Odonata Case: Trusts, Escrows and Property of the Estate (or Not) Part II

Barbara M. Goodstein and Adam C. Wolk, discuss the Odonata case and creditors must be aware of state law governing the creation of escrow accounts and pay attention to the logistics of such accounts to ensure they conform with such to avoid property held in “escrow” from becoming part of the bankruptcy estate of a depositor.