In Re Nichols

ORDER DETERMINING TRUST ASSETS TO BE PROPERTY OF THE ESTATE AND DENYING MOTION FOR RELIEF FROM STAY

MICHAEL G. WILLIAMSON, Bankruptcy Judge.

Several years prior to filing this case, the Debtor established a revocable, self-settled trust (“Trust”) solely for her own benefit and under which the Debtor is the grantor, trustee, and beneficiary. The law is well settled that property held in such a trust is property of the estate when the debtor files a bankruptcy case. Later, when a corporation owned by the Debtor borrowed money from the Movant, Vision Bank (“Bank”), both the Debtor and the Trust…