What property is sold in bankruptcy in Oklahoma City

Section 554b of the bankruptcy code provides on the request of a party in interest and after notice and hearing, the court may order the trustee to abandon any property of the estate that is burdensome to the estate or that is of inconsequential value and benefit to the estate. The Oklahoma City bankruptcy attorneys standard is generally the sound business judgment of the trustee and courts generally defer to that. The Oklahoma bankruptcy lawyer needs to show a reasonable likelihood or possibility of some net economic benefit to the estate to keep an asset in the estate.

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