What is a "Notice of Abandonment"?

A “Notice of Abandonment” is usually sent out by the Chapter 7 Trustee shortly after their bankruptcy case is filed. When a debtor receives a “Notice of Abandonment” from a Trustee, it means that for one reason or another, the property listed in the notice cannot be liquidated for the benefit of the creditors. Once the Trustee reviews your real and personal property and determines that he can not make any money for the creditors by liquidating a specific property, the Trustee will file an abandonment notice on this item. Usually this will occur when a property’s debt is more than it is worth.

Therefore, if you do receive a “Notice of Abandonment”, do not worry about it because it just means that the property is being abandoned back to you and any other parties that have an interest in the property.