Legal Question in Bankruptcy in California
BANKRUPTCY: Abondonment of Property
What is the significance of filing a notice of abandonment of property? Also, what happens to that property?
Asked on 9/24/01, 4:25 pm
1 Answer from Attorneys
Mark Markus
Law Office of Mark J. Markus
Re: BANKRUPTCY: Abondonment of Property
It depends who files the notice. If you're talking about a Trustee doing it, the effect is that the property will revert to the debtor.
Answered on 11/06/01, 11:27 am
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