TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Secured creditors must notify bankruptcy trustee of sale price; trustee seeks higher offers. Costs covered by bankruptcy process.</h1> A secured creditor intending to realize security must inform the bankruptcy trustee of the proposed price. The trustee will try to find a buyer willing to pay more, and if successful, the asset is sold at the higher price. The cost of identifying this buyer is included in the bankruptcy process costs. If no buyer is found or the identified buyer declines, the creditor can proceed with the sale at the initial price, bearing identification costs. Any excess amount realized beyond the creditor's debt must be given to the bankruptcy trustee.
TaxTMI 
