ABANDONMENT OF PROPERTY OF THE ESTATE

(a) Absence of Objection and Request for Hearing on Notice of Intent to Abandon. (1) When a notice of proposed abandonment is filed per FRBP 6007(a) and served per LBR 9013-1(o), if no timely objection and request for hearing is filed and served, the property is deemed abandoned without further order of the court. (2) If an entity desires an order of the court authorizing or directing, and confirming, the case trustee’s or debtor in possession’s abandonment of the property, and the notice of proposed abandonment was supported by a declaration that addresses the elements of 11 U.S.C. § 554, that entity may lodge a proposed form of order with the court in accordance with the procedure set forth in LBR 9013-1(o)(3). (b) Objection and Request for Hearing on Notice of Intent to Abandon.

If a timely objection and request for hearing is filed and served, the party requesting the 87 abandonment must, within 14 days from the date of service of such objection, file a reply under LBR 9013-1(g) and a notice of hearing pursuant to LBR 9013-1(c) and set a hearing on at least 14 days’ notice to each objecting party and to the United States trustee. LBR 6007-1 88 LBR 7004-1