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Read the following scenario and answer the question in 5-10 sentences. You are a real estate broker and the owner of a real estate
Read the following scenario and answer the question in 5-10 sentences. You are a real estate broker and the owner of a real estate investment company. Due to a deal that went wrong, you were sued and are now facing a personal money judgment. The amount of the judgment is so large that you will never be able to pay it off. Bankruptcy is looking like your best option. You review your current books and find several open escrow accounts pending to close anywhere from next week to six months from now. How will your potential earnings being held in the escrow accounts be included in your bankruptcy filing?
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