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Terry L.
Terry L., Attorney
Category: Bankruptcy Law
Satisfied Customers: 2670
Experience:  Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.
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When a bankruptcy trustee abandons a property (a parcel of

Customer Question

When a bankruptcy trustee abandons a property (a parcel of land that owes more than it is worth in a mortgage), does that mean the debtor still owes the debt on the property? Does the debtor own the land or just waiting until the lender forecloses on the property?
Submitted: 2 years ago.
Category: Bankruptcy Law
Expert:  Maverick replied 2 years ago.
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Customer: replied 2 years ago.
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