April 7, 2020

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Lessor Repossession of Property on Eve of Lessee Bankruptcy: Voluntary Turnover or Face Contempt

Lessors who repossess home quickly prior to a lessee individual bankruptcy filing may possibly be needed to return this kind of home or facial area sanctions by the individual bankruptcy courtroom. Federal courts are at this time break up on the difficulty of no matter whether the lessor will have to voluntary surrender home seized pre-petition or may possibly maintain this kind of home right until the debtor obtains an get of turnover.