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ABANDONMENT DOES NOT PROVIDE PATH FOR SECURED LENDER’S FORECLOSURE

Posted in Real Estate Litigation, Uncategorized

The Bankruptcy Appellate Panel for the Ninth Circuit (“BAP”) just published an opinion clarifying the effect of the automatic stay on property abandoned by a bankruptcy trustee back to the corporate debtor.  The case arose in the Central District of California, In re Gasprom, Inc., 2013 DJDAR 14399.  The corporation, Gasprom, Inc., filed a Chapter… Continue Reading