Find the best bankruptcy attorney serving Duarte. Compare top California lawyers' fees, client reviews, lawyer rating, case results, education, awards, publications, social media and work history. Get help now. Last Updated June, The Bankruptcy Estate. Commencement of a bankruptcy case creates an "estate." The estate technically becomes the temporary legal owner of all the debtor's property. It consists of all legal or equitable interests of the debtor in property as of the commencement of the case, including property owned or held by another person if the debtor has an. May 06, · The bankruptcy estate’s ownership over the debtor’s assets can extend to any additional assets the debtor receives while he or she remains in bankruptcy, including inheritances. How inheritances are affected can depend on which chapter of bankruptcy the individual has filed under. If a person files under Chapter 7, where their assets are.