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Lesson to Bankruptcy Lawyers: Don’t Bribe Bankruptcy Trustees

Bankruptcy Trustees are court appointed temporary trustees of the bankruptcy estate in each personal bankruptcy case filed.  Their job is to represent the creditors.  If all of the assets are exempt, the trustee’s job is to certify this to the Bankruptcy Court and move on to the next case.  Many times there is an asset worth exploring – investment real estate that may have some equity, and, believe it or not, a lawsuit, or claim that could be brought on behalf of the debtor.  Such claims may be quite valuable.
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