856-282-5505 — [email protected]

Posts Tagged ‘abandon assets’

What Does It Mean When the Chapter 7 Trustee Abandon Assets?

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. …

Read More