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Updated over 10 years ago,

User Stats

170
Posts
23
Votes
Ryan Watson
  • New to Real Estate
  • Indianapolis, IN
23
Votes |
170
Posts

Trustees and Bankruptcy

Ryan Watson
  • New to Real Estate
  • Indianapolis, IN
Posted

I was wondering if someone could shed some light on this topic for me.

Ive noticed that someone has put a property in the name of a trustee during the course of a bankruptcy. The owner name is titled "(Trustee name) in the bankruptcy proceeding of person X&Y".

What is the strategy behind this? Does persons X&Y still own the property after the bankruptcy is over, thus having the Trustee sign it back over once the smoke clears? What becomes of this?

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