Tuesday, May 4, 2010

VOLUNTARY BANKRUPTCY


ASSETS: Part 5 of 5.

WHAT HAPPENS TO THE ASSETS WHICH MY TRUSTEE CAN SELL WHEN I AM DISCHARGED FROM BANKRUPTCY?

Your trustee keeps any assets which have not been sold before your discharge from bankruptcy. Your trustee may have been unable to sell your assets straight away and it may take some years.
If all your creditors plus your trustee's fees and expenses have been paid, any remaining assets will be returned to you and your bankruptcy will be annulled.

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