Hasset v. Blue Cross & Blue Shield (In Re O.P.M. Leasing Services, Inc.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that a grantor’s contingent equitable right in property in escrow did not render escrowed property part of property of the debtor-grantor’s estate
• holding that a grantor’s contingent equitable right in property in escrow did not render escrowed property part of property of the debtor-grantor’s estate
• concluding that property held in escrow is not property of the estate because for escrow to be valid the property must be irrevocably placed outside the grantor’s control
• explaining that, where \the parties clearly intended to create a security interest in the money\ in their agreement, that security interest continued to attach to the deposit account into which the money was deposited
• “[C]ourts of bankruptcy recognize that money held in escrow is not property which vests in the trustee in bankruptcy.”
• “Courts of bankruptcy recognize that money held in escrow is not property which vests in the trustee in bankruptcy.”

Source: CourtListener parenthetical corpus (CC0).