A proceeding in a federal court in which a debtor who owes more than his or her assets can relieve the debts by transferring his or her assets to a trustee.
[ Back To Real Estate Glossary ]
Serving Fairfax County: Great Falls, McLean, Oakton, Arlington, Alexandria, Dunn Loring, Reston, Fairfax, Herndon, Oak Hill, Falls Church, Vienna, Serving Loudoun County: Ashburn, Leesburg, Lovettesville, Waterford, Sterling and Potomac Falls