Bankr. No.:
03-10042
Chapter:
7
Date of Decision:
August 15, 2003
Issue:
Whether Bank's motion to compel abandonment of some real property should be granted where equity may exist in it for the bankruptcy estate?
Ruling:
The Bank's motion to compel abandonment was denied because its mortgages on the property did not equal or exceed the value of the land, thus leaving equity for the bankruptcy estate. One mortgage claimed by the Bank had not been properly recorded, thus increasing the bankruptcy estate's equity.
Full Bankruptcy Court Decision:
