Abandonment is a disclaimer of ownership by the trustee or debtor in property deemed burdensome or inconsequential. Once property has been "abandoned" it is no longer the property of the estate, and creditors can seek to recover their money.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). abandonment. Retrieved September 24, 2026, from http://smartdefine.org/abandonment/definitions/1146900 |
| Chicago | Barry Goldsmith. 2010. "abandonment" http://smartdefine.org/abandonment/definitions/1146900 (accessed September 24, 2026). |
| Harvard | Barry Goldsmith 2010, abandonment, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/abandonment/definitions/1146900>. |
| MLA | Barry Goldsmith. "abandonment" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/abandonment/definitions/1146900> |