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3 On August 15, 2007, at the meetmg of creditors held pursuant to section341 of the Bankruptcy Code, an electron was held with respect to the estates of AMI and AB, atWhIChthe Trustee was elected to succeed the Interim Trustee as trustee of the estates of AMI andAB The Interim Trustee remams the trustee of the estate of AB!

4 On September 17, 2007, the Trustee accepted hIS appointment aspenn anent trustee of the estates of AMI and AB

5 Prior to the Trustee's appointment, upon the apphcation of the InterimTrustee, on or about August 24, 2007,the Court entered its Order Granting Chapter 7 Trustee'sMotion for Order (A) Pursuant to Section 365 of the Bankruptcy Code Authonzing Rejection ofUnexpired Leases of Real Property and Executory Contracts; (B) Discretion to AbandonPersonal Property Located at Any Leased Premises and (C) Grantmg Related Relief (the "FIrstAbandonment Order") [Docket Nos 37 and 121]

6 The First Abandonment Order authorizes the Trustee, as successor to theIntenm Trustee, to abandon certam personal property, but IS hmited to personal property locatedat specified locations In the motion granting the First Abandonment Order.

7 On or about October 10, 2008, the Trustee commenced an adversaryproceedmg against Nationwide, Adv Proc No 08-51486-CSS, seeking, inter aha, avoidanceand recovery of certam alleged preferential transfers (the "Nationwide Adversary Proceedmg")

8 After commencement Dfthe NatIonwIde Adversary Proceedmg,theTrustee learned, for the first timel, that NatIonwide was in possessIOn of loan ongmatIOn files

(the "Records") of the Debtors, and had been accrumg an admmistrative expense claImassociated With the storage costs for the Records

1 T he D ebto rs' schedules of assets and habihn es filed illthese ca ses have no referen ce to N atio nw rde or to records illI ts possession

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9 The First Abandonment O rder, by Its terms, does no t apply to the RecordsInth e possession of Nationwide.

1 0. On or about June 5, 2009, upon the Trustee's app lica tion , the Courtentered its O rder A pproving Trustee's Second M atton for an O rder A pp ro vin g Settlem en ts ofA voidance A ctions Pursuan t to Fed R B ankr. P. 901 9 (the "Second 901 9 Order") [Docket No573]. T he S ec on d 9019 O rd er ap pro ve s, m te r aha, th e T ruste e's se ttlemen t o f th e N atio nw ideAdve rs ar y P ro ce ed in g

1 1 The settlement W Ith Nationw ide requires the Trustee to remove, o raban don . the business reco rds m the p ossessio n o f N ation wide

Jurisdiction and Venue1 2 This Court has jurisdiction of this mater pursuant to 28 USC 1 57 an d

1 334. Venue IS p roper pursuan t to 28 U .S C 1 408 and 1 409 ThIS IS a co re p r oc eed ingpursuan t to 28 U .S.C . 1 57(b)(2)

13 The s ta tu to r y predicates fo r the re lief re que sted h erein a re section 554 ofthe B ankrup tcy C ode and Federal R ule of B ankrup tcy Procedure 6007

Relief Requested1 4 B y th IS A pp lIca tIO n, th e T ru ste e resp ec tfully re qu ests e ntry o f a n o rd er

authonzing the aban do nm en t o f R eco rds o f the D ebto rs Inth e cu st ody o fNa tl onWIde1 5 Upon m form ation and belief, form ed after reasonable inquiry, the Records

in the custody ofN attonw Jde consIst o fm es rela ted to loans ongInated by the D ebtors prIo r toth e P ehtlO n D ate .

1 6 As of the date hereof, the Debtors' esta tes, to the best o f the Trustee'skno wledge, in fo rm atIon an d belIef, n o lo nger have an y in terest III or to any loans ongmated by

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the D ebtors pnor to the PetItion D ate A ccordingly, the retentJO n of such files IS no t nece ssa ry ,and, the co sts to retam the R eco rds w ould con stitute an adm lID stratlve exp en se W Itho ut acorresponding b en efit to th e D eb to rs' esta tes

Legal Authority for Relief Requested1 7 Section 554 of the B ankruptcy Code provides, in relevant part, that

"[ a ]fter n otic e a nd a hearm g, the trustee m ay abandon any property of the estate that ISburdenso me to the estate or that IS o f In co nsequen tial value an d ben efit to the estate" 11 USC 554 (a ) (2 009)

1 8 Federal R ule o f B ankrup tcy Pro cedure 6007(a) Im plem en ts section 554 o fth e B an kru ptc y C od e, an d p ro vid es, Inrelevant p art "[ u ]n less o therw ise directed by the co urt,the trustee or debtor in possession shall give notice of a proposed abandonm ent or disposition ofproperty .A party in interest may file and serve an objection wrthm 1 5 days of the mailing ofth e notice, or withm the time fixed by the court If a timely objection is m ade, the court shall seta heanng on notice ," Fed R B ankr P. 6007(a) (2009)

1 9 The decision to abandon property that IS either o f in co nseq uen tia l v alu e o rburdensome to the estate is subject to the busmess Judgment standard. See In re Slack, 290 B R282,284 (B ankr D .N J 2003) ("T he trustee's p ow er to abando n p rop erty IS drscretionary Thecourt only needs to find that the trustee m ade: 1) a business judgment; 2) illgood faith, 3) uponsom e reasonable basis; and 4) within the trustee's sco pe of authority.") (internal citationsomitted)

20 The Trustee submits that the requirem ents o f section 554 of theB an krup tcy C ode an d applicable case law are satisfied herein T he T rustee's bus m ess Judgm en tto aban don the R eco rds IS supported by the fact that the D ebtors' estates no longer hold any

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