{"id":167,"date":"2009-10-26T18:13:49","date_gmt":"2009-10-26T22:13:49","guid":{"rendered":"http:\/\/www.dev.atiqbd.com\/multiple-owner-property-liquidated-bankruptcy\/"},"modified":"2009-10-26T18:13:49","modified_gmt":"2009-10-26T22:13:49","slug":"multiple-owner-property-liquidated-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.standardlegal.com\/blog\/multiple-owner-property-liquidated-bankruptcy","title":{"rendered":"Will a Trustee Always Liquidate Property if I File Bankruptcy?"},"content":{"rendered":"<p>Any real property owned by a debtor is subject to liquidation by the Trustee in a Chapter 7 Bankruptcy case. But the Trustee will liquidate the property (i.e. sell it and use the proceeds to pay creditors) only if there is equity in the property that can be turned to cash for the creditors. <!--more--><\/p>\n<p>So if there is a mortgage on the property for $100,000 and the fair market value of the property is $90,000, then the there is no equity and the trustee would have no interest in selling the property.<\/p>\n<p>Details on these and other considerations are detailed within <a title=\"Standard Legal's Bankruptcy Legal Forms Software\" href=\"https:\/\/shop.standardlegal.com\/product\/bankruptcy-legal-forms-software\/\">Standard Legal&#8217;s Bankruptcy legal forms software package<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Any real property owned by a debtor is subject to liquidation by the Trustee in a Chapter 7 Bankruptcy case. But the Trustee will liquidate the property (i.e. sell it and use the proceeds to pay creditors) only if there is equity in the property that can be turned to cash for the creditors.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-167","post","type-post","status-publish","format-standard","hentry","category-bankruptcy-questions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Will a Trustee Always Liquidate Property if I File Bankruptcy? - Ask Standard Legal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.standardlegal.com\/blog\/multiple-owner-property-liquidated-bankruptcy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will a Trustee Always Liquidate Property if I File Bankruptcy? - Ask Standard Legal\" \/>\n<meta property=\"og:description\" content=\"Any real property owned by a debtor is subject to liquidation by the Trustee in a Chapter 7 Bankruptcy case. But the Trustee will liquidate the property (i.e. sell it and use the proceeds to pay creditors) only if there is equity in the property that can be turned to cash for the creditors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.standardlegal.com\/blog\/multiple-owner-property-liquidated-bankruptcy\" \/>\n<meta property=\"og:site_name\" content=\"Ask Standard Legal\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/StandardLegalSoftware\" \/>\n<meta property=\"article:published_time\" content=\"2009-10-26T22:13:49+00:00\" \/>\n<meta name=\"author\" content=\"Standard Legal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@StandardLegal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Standard Legal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/multiple-owner-property-liquidated-bankruptcy#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/multiple-owner-property-liquidated-bankruptcy\"},\"author\":{\"name\":\"Standard Legal\",\"@id\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/#\\\/schema\\\/person\\\/d43d72c05d7716823188aa03d9f96525\"},\"headline\":\"Will a Trustee Always Liquidate Property if I File Bankruptcy?\",\"datePublished\":\"2009-10-26T22:13:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/multiple-owner-property-liquidated-bankruptcy\"},\"wordCount\":117,\"publisher\":{\"@id\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/#organization\"},\"articleSection\":[\"Bankruptcy Questions\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/multiple-owner-property-liquidated-bankruptcy\",\"url\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/multiple-owner-property-liquidated-bankruptcy\",\"name\":\"Will a Trustee Always Liquidate Property if I File Bankruptcy? - Ask Standard Legal\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/#website\"},\"datePublished\":\"2009-10-26T22:13:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/multiple-owner-property-liquidated-bankruptcy#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/multiple-owner-property-liquidated-bankruptcy\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/multiple-owner-property-liquidated-bankruptcy#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Will a Trustee Always Liquidate Property if I File Bankruptcy?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/\",\"name\":\"Ask Standard Legal\",\"description\":\"Ask a Legal Question for FREE! Read Hundreds of Law Q&amp;A Topics.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/#organization\",\"name\":\"Standard Legal\",\"url\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/wp-content\\\/uploads\\\/2015\\\/09\\\/Waving-American-Flag.jpg\",\"contentUrl\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/wp-content\\\/uploads\\\/2015\\\/09\\\/Waving-American-Flag.jpg\",\"width\":954,\"height\":375,\"caption\":\"Standard Legal\"},\"image\":{\"@id\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.standardlegal.com\\\/blog\\\/#\\\/schema\\\/person\\\/d43d72c05d7716823188aa03d9f96525\",\"name\":\"Standard Legal\",\"description\":\"Standard Legal helps everyday people handle common legal issues on their own in an affordable way.\",\"sameAs\":[\"http:\\\/\\\/www.StandardLegal.com\",\"https:\\\/\\\/www.facebook.com\\\/StandardLegalSoftware\",\"http:\\\/\\\/www.linkedin.com\\\/company\\\/standard-legal\",\"https:\\\/\\\/x.com\\\/StandardLegal\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Will a Trustee Always Liquidate Property if I File Bankruptcy? - Ask Standard Legal","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.standardlegal.com\/blog\/multiple-owner-property-liquidated-bankruptcy","og_locale":"en_US","og_type":"article","og_title":"Will a Trustee Always Liquidate Property if I File Bankruptcy? - Ask Standard Legal","og_description":"Any real property owned by a debtor is subject to liquidation by the Trustee in a Chapter 7 Bankruptcy case. But the Trustee will liquidate the property (i.e. sell it and use the proceeds to pay creditors) only if there is equity in the property that can be turned to cash for the creditors.","og_url":"https:\/\/www.standardlegal.com\/blog\/multiple-owner-property-liquidated-bankruptcy","og_site_name":"Ask Standard Legal","article_author":"https:\/\/www.facebook.com\/StandardLegalSoftware","article_published_time":"2009-10-26T22:13:49+00:00","author":"Standard Legal","twitter_card":"summary_large_image","twitter_creator":"@StandardLegal","twitter_misc":{"Written by":"Standard Legal","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.standardlegal.com\/blog\/multiple-owner-property-liquidated-bankruptcy#article","isPartOf":{"@id":"https:\/\/www.standardlegal.com\/blog\/multiple-owner-property-liquidated-bankruptcy"},"author":{"name":"Standard Legal","@id":"https:\/\/www.standardlegal.com\/blog\/#\/schema\/person\/d43d72c05d7716823188aa03d9f96525"},"headline":"Will a Trustee Always Liquidate Property if I File Bankruptcy?","datePublished":"2009-10-26T22:13:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.standardlegal.com\/blog\/multiple-owner-property-liquidated-bankruptcy"},"wordCount":117,"publisher":{"@id":"https:\/\/www.standardlegal.com\/blog\/#organization"},"articleSection":["Bankruptcy Questions"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.standardlegal.com\/blog\/multiple-owner-property-liquidated-bankruptcy","url":"https:\/\/www.standardlegal.com\/blog\/multiple-owner-property-liquidated-bankruptcy","name":"Will a Trustee Always Liquidate Property if I File Bankruptcy? - Ask Standard Legal","isPartOf":{"@id":"https:\/\/www.standardlegal.com\/blog\/#website"},"datePublished":"2009-10-26T22:13:49+00:00","breadcrumb":{"@id":"https:\/\/www.standardlegal.com\/blog\/multiple-owner-property-liquidated-bankruptcy#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.standardlegal.com\/blog\/multiple-owner-property-liquidated-bankruptcy"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.standardlegal.com\/blog\/multiple-owner-property-liquidated-bankruptcy#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.standardlegal.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Will a Trustee Always Liquidate Property if I File Bankruptcy?"}]},{"@type":"WebSite","@id":"https:\/\/www.standardlegal.com\/blog\/#website","url":"https:\/\/www.standardlegal.com\/blog\/","name":"Ask Standard Legal","description":"Ask a Legal Question for FREE! Read Hundreds of Law Q&amp;A Topics.","publisher":{"@id":"https:\/\/www.standardlegal.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.standardlegal.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.standardlegal.com\/blog\/#organization","name":"Standard Legal","url":"https:\/\/www.standardlegal.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.standardlegal.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.standardlegal.com\/blog\/wp-content\/uploads\/2015\/09\/Waving-American-Flag.jpg","contentUrl":"https:\/\/www.standardlegal.com\/blog\/wp-content\/uploads\/2015\/09\/Waving-American-Flag.jpg","width":954,"height":375,"caption":"Standard Legal"},"image":{"@id":"https:\/\/www.standardlegal.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.standardlegal.com\/blog\/#\/schema\/person\/d43d72c05d7716823188aa03d9f96525","name":"Standard Legal","description":"Standard Legal helps everyday people handle common legal issues on their own in an affordable way.","sameAs":["http:\/\/www.StandardLegal.com","https:\/\/www.facebook.com\/StandardLegalSoftware","http:\/\/www.linkedin.com\/company\/standard-legal","https:\/\/x.com\/StandardLegal"]}]}},"_links":{"self":[{"href":"https:\/\/www.standardlegal.com\/blog\/wp-json\/wp\/v2\/posts\/167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.standardlegal.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.standardlegal.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.standardlegal.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.standardlegal.com\/blog\/wp-json\/wp\/v2\/comments?post=167"}],"version-history":[{"count":0,"href":"https:\/\/www.standardlegal.com\/blog\/wp-json\/wp\/v2\/posts\/167\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.standardlegal.com\/blog\/wp-json\/wp\/v2\/media?parent=167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.standardlegal.com\/blog\/wp-json\/wp\/v2\/categories?post=167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.standardlegal.com\/blog\/wp-json\/wp\/v2\/tags?post=167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}