In re Ryerson

In In re Ryerson (9th Cir. 1984) 739 F.2d 1423, an employment contract entered prepetition entitled the debtor to certain sums upon termination from his position. The termination occurred postpetition and the debtor argued the sums were therefore not property of the estate. This argument was rejected. "By including in 11 U.S.C. section 541 all legal interests without exception, Congress indicated its intention to include all legally recognizable interests although they may be contingent and not subject to possession until some future time." (In re Ryerson, at p. 1425.)