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In re Valley Process Sys.

In re Valley Process Sys.

Ruling
Post-dismissal, bankruptcy court could not surcharge property that was no longer property of the estate.
Issue(s)
Did dismissal of an underlying bankruptcy case divest the bankruptcy court of residual jurisdiction to entertain motions for surcharge of property that had been property of the estate?

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Commercial opinion summary, case decided on July 23, 2014 , LexisNexis #0814-085