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Bankruptcy

: The Debt Podcast

Motions to Abandon

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In a Chapter 7 case, usually property that can’t be exempted is sold and distributed to creditors by the trustee. However, at times property is burdensome or of little value to the bankruptcy estate. In these circumstances, abandonment of the property is appropriate. If the case is going to be open for [...]

Full post as published by The Debt Podcast on November 25, 2008 (boomark / email).

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