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Trustees and Bankruptcy
I was wondering if someone could shed some light on this topic for me.
Ive noticed that someone has put a property in the name of a trustee during the course of a bankruptcy. The owner name is titled "(Trustee name) in the bankruptcy proceeding of person X&Y".
What is the strategy behind this? Does persons X&Y still own the property after the bankruptcy is over, thus having the Trustee sign it back over once the smoke clears? What becomes of this?