Where the debtor’s asset was included in his Chapter 7 schedules, the trustee certified in his Final Report that the estate had been fully administered, and the case was closed, the asset was abandoned. In re Robertson, 2016 Bankr. LEXIS 931, No. 14-20984 (Bankr. D. Utah, March 24, 2016).
Michael Lynn Robertson listed his breach of contract claim against Banner Bank (successor to Far West Bank) on his schedules when he filed for Chapter 7 bankruptcy. The trustee communicated with counsel for both Mr. Robertson and Banner Bank but neither the trustee nor the Bank took any action with respect to the claim. The trustee filed his Report of No Distribution and the court closed the case, both actions accomplished by text entry. [Read more…] about Notice of Abandonment Not Required under 554(c)