Legal Question in Bankruptcy in Florida
i have property stored at a local mini-storage facility. the facility just went into bankruptcy, and the bank has taken over management of it while they try and find a buyer. is my property safe from the bank seizing it to re-sell in order to recoup part of their losses? it's clearly my property, just stored on the premesis (along with everybody else's property - it is a storage facility after all :))
Asked on 2/05/10, 5:09 pm
1 Answer from Attorneys
Sarah Grosse
Sarah Grosse, Esquire
The bank cannot legally sell off your property unless 1) the storage facility has a right to auction your property for lack of payment of storage fee; 2) the bank has foreclosed on the property and has served you with an eviction notice.
Answered on 2/11/10, 2:32 am
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