Free Property - Proposed Abandonment (Notice) - Hawaii

Name, Address, Phone, Fax, Email Address of Filer:

Debtor:

Chapter Case No.:

Hearing will be held only if requested. Deadline to file a request:
Joint Debtor:

Date: _____________________________________

NOTICE OF PROPOSED ABANDONMENT OF PROPERTY
NOTICE IS HEREBY GIVEN that the Trustee or Debtor in Possession is proposing to abandon property of the bankruptcy estate. Abandonment means that the property is being returned to the Debtor because the property cannot be liquidated for the benefit of creditors. The reason(s) for abandonment are stated below. Your rights may be affected. You should read these papers carefully and discuss them with your attorney, if you have one in this bankruptcy case. (If you do not have an attorney, you may wish to consult one.) If you do not want the court to approve the proposed abandonment that is described below, or if you want the court to consider your views on this matter, then on or before 15 days after the filing date of this notice, you or your attorney must file with the court, at the address shown below, an objection or a written request for a hearing. You must also mail a copy to the address in the upper left corner of this notice. If you mail your objection or request to the court for filing, you must mail it early enough so the court will receive it on or before the deadline stated here. United States Bankruptcy Court Deadline to file an objection/request for hearing: (15 days after date notice is filed unless time shortened) District of Hawaii 1132 Bishop Street, Suite 250L Date: Honolulu, HI 96813 If the court schedules a hearing, you will receive a separate notice of the hearing date and time. If you or your attorney do not file an objection or a request for a hearing, the court may decide that you do not oppose the proposed abandonment and may enter an order approving the transaction. Description of Property: (specific identification required, e.g. TMK, VIN) Estimated Fair Market Value; Basis for Valuation: List any Liens or Interests in the Property:

hib_6007a 3/08 [ECF: Trustee/US Trustee ... Notice of Proposed Abandonment ]





Reason(s) for Abandonment:

Inconsequential value: there is little or no equity in the property for the estate. Inconsequential benefit to the estate: costs of collection or litigation will likely exceed any recovery. Preservation of the asset is burdensome to the bankruptcy estate. Other:

Other Details:



Dated: _________________________ /s/________________________________________ Trustee/Debtor in Possession/Attorney

hib_6007a 3/08 [ECF: Trustee/US Trustee ... Notice of Proposed Abandonment ]