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54 Property of the estate is protected from the ongoing reach of creditors by the automatic stay, which is discussed below at Chapter V.C. Moreover, it is such property that will be distributed to creditors and equity holders on account of their claims against or interests in the debtor. Property that is not included in the estate is not subject to the protections of the Bankruptcy Code, and creditors of the estate can continue to pursue such property to satisfy their claims. Section 541(a) of the Bankruptcy Code defines property of the estate in the broadest possible sense as all legal or equitable interests of the debtor in property as of the commencement of the case, wherever located and by whomever held. This provision includes real and personal property, tangible and intangible property, and property that may not be in the debtor's possession at the commencement of the case. According to Section 541(a), property of the estate includes: (i) community property belonging to both the debtor and his or her spouse in community property states; (ii) property recovered by the bankruptcy trustee pursuant to certain avoidance powers; (iii) liens transferred to the estate by the bankruptcy court; (iv) certain property interests acquired by the debtor within 180 days after the commencement of the bankruptcy case; (v) proceeds, profits, rents, or offspring from property of the estate; and (vi) any property interest discussed above that the estate acquires after commencement of the case. Notwithstanding the broad scope of property of the estate, it is not without boundary. Pursuant to Section 541(b) of the Bankruptcy Code, property of the estate does not include:

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