11 U.S.C. § 554 — Abandonment of property of the estate
submitted 48 years ago by Pub. L. 95-598 to r/title-11-BANKRUPTCY · 149 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
After notice and a hearing, the trustee may abandon any property of the estate that is burdensome to the estate or that is of inconsequential value and benefit to the estate.
On request of a party in interest and after notice and a hearing, the court may order the trustee to abandon any property of the estate that is burdensome to the estate or that is of inconsequential value and benefit to the estate.
Unless the court orders otherwise, any property scheduled under section 521(a)(1) of this title not otherwise administered at the time of the closing of a case is abandoned to the debtor* and administered for purposes of section 350 of this title.
Unless the court orders otherwise, property of the estate that is not abandoned under this section and that is not administered in the case remains property of the estate.
Source credit: (Pub. L. 95–598, Nov. 6, 1978, 92 Stat. 2603; Pub. L. 98–353, title III, § 468, July 10, 1984, 98 Stat. 380; Pub. L. 99–554, title II, § 283(p), Oct. 27, 1986, 100 Stat. 3118; Pub. L. 111–327, § 2(a)(23), Dec. 22, 2010, 124 Stat. 3560.)
- 1978Enacted · Pub. L. 95-598 · 92 Stat. 2603
- 1984Amended · Pub. L. 98-353 · 98 Stat. 380
- 1986Amended · Pub. L. 99-554 · 100 Stat. 3118
- 2010Amended · Pub. L. 111-327 · 124 Stat. 3560
A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-598 on 1978-11-06.
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