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Do you want to know more about Bankruptcy and how it could help your family get a fresh start back on the road to success? |
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SUCCESSFUL PEOPLE HAVE USED BANKRUPTCY TO REBUILD THEIR FAMILY'S FINANCIAL FUTURE. HOW WILL YOU REBUILD YOUR FAMILY'S FINANCIAL FUTURE AND GET BACK ON THE ROAD TO SUCCESS? |
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What Does It Mean When The 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. Return to Frequently Asked Questions If you have any questions that were not answered here, please contact us for a free consultation.
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