What if the Trustee has already found a buyer - what can I do?

Pay attention to the objection period and sale dates. Much of the deals noticed for sale in the bankruptcy court will be the result of an existing agreement between the seller and a potential buyer. However, the Trustee wants to get as much as he/she can for the bankruptcy estate and will typically welcome better offers so long as it's within the time-line of the bankruptcy process. No sale is final until the court enters an order approving the sale, but there is usually a time period after which a better offer may not be accepted. This is typically after the objection period expires (but NOT always). Prior to that time, you can review the relevant terms of the contract between the seller and buyer, and provide a higher or better offer on the property if desired.

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