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In re Norman L. Schafer and Cindy Schafer

Bankr. No.: 
88-10208
Chapter: 
7
Date of Decision: 
June 29, 1989
Issue: 
Whether tardy (6 days) objections to a proposed sale waives such objection?
Ruling: 
The Court found: (1) Procedural defects of no consequence were evident on the part of both parties and the Court will not default a party for failing to strictly comply with the technicalities of the Code, Rules and Local Rules. (2) There was no equity in the property (a steel bin), which could be sold closer to harvest time at a higher price. Thus the property should be abandoned to the secured party.
Full Bankruptcy Court Decision: