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Ownership of surrendered properties
No, unless the trustee does a formal abandonment.
D
Sent from my iPhone
On Jan 30, 2012, at 9:11 AM, "sbombalier" wrote:
> Hello Listmates
>
> I need your input and your expertise. I have a client, filed in 8/11 Chapter 7, has over 13 properties in PA which he
> indicated he'd surrender. The trustee is administering two of the properties as
> he found they had equity. Discharged was received in November.
>
> For tax purposes, does the debtor continue to be the legal owner of the RPs not
> being administered. The other RPs are in foreclosure process.
>
> Any input will be greatly appreciated.
>
> Silvia
>
>
No, unless the trustee does a formal abandonment. DSent from my iPhoneOn Jan 30, 2012, at 9:11 AM, "sbombalier" <bombalier@aol.com> wrote:
Hello Listmates
I need your input and your expertise. I have a client, filed in 8/11 Chapter 7, has over 13 properties in PA which he
indicated he'd surrender. The trustee is administering two of the properties as
he found they had equity. Discharged was received in November.
For tax purposes, does the debtor continue to be the legal owner of the RPs not
being administered. The other RPs are in foreclosure process.
Any input will be greatly appreciated.
Silvia
The post was migrated from Yahoo.
Hello Listmates
I need your input and your expertise. I have a client, filed in 8/11 Chapter 7, has over 13 properties in PA which he
indicated he'd surrender. The trustee is administering two of the properties as
he found they had equity. Discharged was received in November.
For tax purposes, does the debtor continue to be the legal owner of the RPs not
being administered. The other RPs are in foreclosure process.
Any input will be greatly appreciated.
Silvia
The post was migrated from Yahoo.