In re HSF Holding Inc.
Jan
13
2010
Ruling
Abandonment of spare main engine for ferry vessel to principal creditor approved over objection of official committee of unsecured creditors.
Procedural posture
The debtors moved, pursuant to 11 U.S.C.S. §§ 105(a) and 554(a), for entry of an order approving abandonment of the debtors' estates' interests in a spare main engine for a ferrying vessel, which would be abandoned to the principal creditor. The official committee of unsecured creditors opposed the motion, arguing the spare engine should remain an asset of the debtors' estate.
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Court
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