Q: Hello I was hoping someone could help me under stand this:
It appearing to the Court that the Trustee has filed a report certifying that the estate in the above-captioned case has been fully administered and that no objections to the report have been filed within 30 days thereafter, it is ORDERED that pursuant to Rule 5009, Fed.R.Bank.P., there is a presumption that the estate has been fully administered; that the trustee be and hereby is discharged; that all nonexempt property listed by the Debtor and not administered by the trustee is hereby deemed abandoned pursuant to 11 U.S.C. 554(c); and the case hereby is closed pursuant to 11 U.S.C. 350(a). IT IS FURTHER ORDERED that all pending motions requiring notice and a hearing for which no certificate has been tendered in accordance with L.B.R. 9013-1 are deemed abandoned for want of prosecution and denied without prejudice.. (rxc)
A: This means that the trustee has approved the bankruptcy and that the bankruptcy is near completion. The discussion of abandoned property relates to any property that was not listed on the bankruptcy filings (this is to catch people who "magically" lose property, but then suddenly discover the property right after bankruptcy--i.e. hiding assets). This is a standard warning that is given to all filings. In short, you are at the last steps of a successful bankruptcy filing.
1 user found this answer helpful
A: It means that the trustee is done administering assets (if any) and that all other property is abandoned and the case will soon be closed.
1 user found this answer helpful
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