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Home / News Stories / In allowing foreclosure, benefit to estate outweighs detriment to co-owner (access required)

In allowing foreclosure, benefit to estate outweighs detriment to co-owner (access required)

Even though a debtor argued that sale of the family residence would psychologically harm his elderly wife, a federal bankruptcy judge in Norfolk allowed the trustee to proceed with the sale. The benefit to the debtor's estate outweighed any potential detriment to the co-owner spouse, the judge said. The sale proceeds would pay off all secured ...