Abandonment of Property of the Estate

(a) Notice Period. A motion to abandon specific property brought by a party in interest, or a notice of proposed abandonment brought by a trustee or debtor in possession, must provide a fourteen- (14-) day notice period and be served on all parties on the Matrix, unless the court orders otherwise. (b) Content of Notice. The notice must include: (1) A description of the property or interest involved; (2) The fair market value of the property or interest; and (3) A description of any encumbrances against the property or interest.

(c) Unscheduled Property. Any property not scheduled under § 521(1) of the Code or otherwise administered at the time of the closing of a case is not abandoned to the debtor or administered for purposes of § 350 of the Code.