I've seen people who declared bankruptcy with scores in the 500's.It's possible that you're a victim of identity theft.

I could tell you more if I were to look at the declarations page, but it definitely sounds like you could use to have your coverages reviewed at least. 

I want to know this too because it is something I'm curious about to, expecially since professional tenets who know the system often force landlords into bankruptcy due to not paying rent and trashing/not respecting the landlords property...

It is a big deal in bankruptcies. 

The credit guys focus on liens, judgements, court records, bankruptcies and the like.

So, they can be wiped if the defendant(s) files for bankruptcy.

Ask your tax professional but yes, that's income you need to declare if they pay to reinstate, regardless of whether it touches your hand or not, unless its structured somehow differently, that passes IRS sniff test.

Regardless of this, The State declared me the owner after going through the abandonment process and I am not finding anything on the State website for a redemption period of personal property such as a MH on private property.  

@Pitt BrowserLike @Peter Mckernan  said....I use SmartMove....It's $34.oo and will let you know if they have evictions, felonies, bankruptcies, etc....even if it was done in another state. 

In the event of a bankruptcy they can make a claim in bankruptcy court and hopefully get something back.