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In re Linton Props. LLC

In re Linton Props. LLC

Ruling
Contract rights of successful bidder at auction by debtor in possession precluded abandonment of property of the estate.
Procedural posture

A bankruptcy trustee proposed to abandon real property of the estate after an auction of the property by a bankruptcy debtor in possession. The successful bidder for the property at the auction objected to abandonment.

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Commercial opinion summary, case decided on January 16, 2009 , LexisNexis #0409-041