Abandon

Release of property from the bankruptcy estate by the trustee due to its inconsequential value or burdensome nature. Abandoned property may return to the debtor.

Glossary Terms: 
Trustee
Bankruptcy Estate
Repossession

Frequently Asked Questions

Our frequently asked questions also address Abandon:

What does abandonment of property by a trustee mean?

The debtor's property under the administration of the bankruptcy trustee is considered the bankruptcy estate. When a trustee abandons property, he or she has released it from the estate. Property possessed by the debtor is typically abandoned to the debtor; however, property encumbered by liens might be abandoned directly to the secured lien holder for repossession.

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