List It or Lose It: When Actual Knowledge Isn’t Enough

By Cathy Moran, Esq., (Redwood City, CA)

To actually effect abandonment of unadministered assets in a bankruptcy case, the asset in question must appear on Schedule A/B.

That’s the hard teaching of Stevens v. Whitmore from the 9th Circuit BAP.

A passing reference to an asset in the SOFA isn’t sufficient.

Neither was the fact the trustee explicitly knew about the claim then . . .

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