In re Franklin Signal Corp.
ELR Citation: ELR 20369 No(s). 4-85-935 (Bankr. D. Minn. Sep 29, 1986)
The court holds that the trustee in a Chapter 7 bankruptcy may abandon, pursuant to 11 U.S.C. §554(a), drums containing hazardous waste where the estate does not have sufficient assets to comply with state environmental laws. The court initially rules that the bankruptcy court cannot authorize the ...