Abandonment Does Not Free Property From the Automatic Stay

Summary:  On October 28, 2013, the Bankruptcy Appellate Panel for the Ninth Circuit in Gasprom, Inc. v. Michelle Fateh, et al (In re Gasprom, Inc.), BAP No. CC-12-1567-KuKiTa, held that although abandonment terminates the stay protecting property of the estate, it does not free the abandoned property from the stay protecting property of the debtor.… Continue reading Abandonment Does Not Free Property From the Automatic Stay