Local Rule 6007-1: Abandonment
Bankr. M.D. Tenn. — General rule
6007-1 Abandonment
(a) No Asset Notice. In cases in which a no asset notice is issued and not superseded by an asset notice, the trustee is relieved of the requirement of giving notice of abandonment or disposition of property under FED. R. BANKR. P. 6007(a). Such abandonment shall be effective 14 days after the notice unless an objection is filed, in which case a hearing will be set.
(b) Property Value. In a Chapter 7, 12 or 13 case, the trustee or debtor is relieved of the notice requirement imposed by FED. R. BANKR. P. 6007(a) when the proposed abandonment relates to property with a net value to the estate of less than $1,000 per item and less than $2,500 in the aggregate.