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Bankruptcy

: The Debt Podcast

Property Of The Estate In A Chapter 7 Bankruptcy

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When you file a Chapter 7 bankruptcy, all of your assets become ?property of the estate.”  That means that control over those things passes to the trustee assigned to your bankruptcy.  Basically, the purpose of this rule is to allow the trustee to administer the property and sell anything worth more than your exemptions to [...]

Full post as published by The Debt Podcast on September 27, 2008 (boomark / email).

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