Samuelson Law Offices, LLC
 

Separate Escrow Accounts Titled as Such May Not be Safe from Third-Party Creditors in the Escrow Agent's Bankruptcy

Posted by: Ken Samuelson
January 03, 2010
Topic: Commercial Transactions Generally

Separate escrow accounts named as such may not be safe from third-party creditors if the escrow agent goes bankrupt.  The LandAmerica bankruptcy case jeopardizes depositors in unexpected ways.

Attachments:
1031Escrowsv.4(8.31.09).doc

        


Web Resources

American Bankruptcy Institute 

American Bar Association Section of Real Property, Probate and Trust Law 

First American Title Insurance, particularly Jack C. Murray Reference Library 

Stewart Title Insurance Company





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