Donarumo v. Furlong (In re Furlong)

Ruling: 
Judgment that trustee abandoned debtors' claims against seller of assets, but not stock of corporate debtor, affirmed.
Procedural posture: 
Appellants and cross-appellant debtors challenged a decision of the U.S. District Court for the District of Massachusetts, which affirmed bankruptcy court decisions, ruling that the trustee had abandoned all claims in the debtors' personal and corporate bankruptcy cases by operation of law under 11 U.S.C.S. § 554(c), but not the stock of the corporate debtor.
Issue: 
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Consumer case opionion summary, case decided on November 01,2011, LexisNexis #1111-092