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Home / Columnists / Kass / If ‘qualified intermediary’ isn’t (access required)

If ‘qualified intermediary’ isn’t (access required)

DEAR BENNY: I have been considering a 1031 action for some time, and I have wondered what happens if the intermediary holding the escrowed funds goes bankrupt. Is the intermediary allowed to co-mingle my funds with funds of the company? Is my money protected during his bankruptcy, or would I become just another creditor in ...

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