Page 22 - March-April 2021 Life Coaching Today Magazine
P. 22

 The last thing a bankruptcy trustee wants to do is load up the truck of used furniture and head on down to the swap meet to liquidate it. The bankruptcy trustees always weigh the time versus the reward for selling nonexempt property. And this is only in the case of property that is not protected by an exemption law.
The property on the bankruptcy trustee's radar is valuables like antiques, a car, bank accounts, or real estate. Once again, it depends heavily on how easy it is to liquidate the property. If something will take an extended amount of time and only recover a small amount of cash, they probably won't waste their time.
This is another reason why hiring a bankruptcy attorney can be invaluable. The bankruptcy attorney that practices in that district will know the bankruptcy trustee and know what is allowable and expected of the debtor to get a successful bankruptcy discharge.
































































































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