Posts Tagged ‘abandon assets’
What Does It Mean When the Chapter 7 Trustee Abandon Assets?
Chapter 7 trustee’s right to abandon assets in a Chapter 7 Bankruptcy A Chapter 7 trustee’s right to abandon assets in a Chapter 7 Bankruptcy filing is governed by Section 554 of the United States Bankruptcy Code. The Code states there are two ways the debtor’s assets are abandoned in a Chapter 7 bankruptcy case. …
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