Frequently Asked
Questions
Q. What does it mean when a trustee abandons
property?
A.
When the liquidation value of an asset cannot pay off the
secured creditors, the trustee "abandons" it, or simply
gives it back to the debtor. Although you've been
discharged from the obligation, if a workout can not be
achieved or payments made, you'll probably lose the
property at a foreclosure.
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