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INTHEUNITEDSTATESBANKRUPTCYCOURT'FORTHEDISTRI~TOFDELAWARE,"
Inre)Chapter7
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AlhanceMortgageInvestments,Inc,)CaseNo07-10941(CSS)~
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Debtor)
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In
re')
Chapter
7~~
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Alhance
Bancorp,)
CaseNo07-10942
(eSS)
)
Debtor)
Objectiondeadline:August
3,
2009at4:00p.m.)Hea,rmgdate:August10,2009at10:00a.m.
MOTIONOFCHAPTER7TRUSTEEFORANORDERAUTHORIZINGABANDONMENTOFDEBTORS'BUSINESSRECORDSINCUSTODYOF
NATIONWIDE
TITLE
CLEARING,INC.PURSUANT
TO11
U.S.C.
§
554ANDFEDERALRULEOFBANKRUPTCYPROCEDURE6007(a}
TracyLKlestadt,Esquire,chapter7trusteetotheestatesoftheabove-captioneddebtors(the"Debtors"),herebyrespectfullysubmitsthisMotion("Motion")forentryofanorderauthonzmgabandonmentofDebtors'businessrecords
In
custodyofNationwrdeTItleCleanng,Inc("NatIOnWlde")pursuanttoIIUS.C§554andFederalRuleofBankruptcyProcedure6007(a),andinsupportthereof,respectfullyrepresentsasfollows
Chapter7Background
OnJuly13,2007(the"PetitionDate"),AllianceMortgageInvestments,Inc("AMI"),AllianceBancorp("AB"),andAlhanceBancorp,Inc("ABI,"andtogetherWithAMIand
AS,
the"Debtors")eachrespectivelyfiledpetitionsforrehefunderChapter7ofTItle11,UmtedStatesCode(the"BankruptcyCode")
t)
.1.
2OnJuly16,2007,MontagueSClaybrook("IntenmTrustee")wasappointedthemtenmChapter7trusteeofeachoftheDebtors'respectiveestates
f'"
("
-'
,
WMIA.929717v)
07/07/09
 
2
..
3OnAugust15,2007,atthemeetmgofcreditorsheldpursuanttosection341oftheBankruptcyCode,anelectronwasheldwithrespecttotheestatesof
AMI
andAB,atWhIChtheTrusteewaselectedtosucceedtheInterimTrusteeastrusteeoftheestatesofAMIandABTheInterimTrusteeremamsthetrusteeoftheestateofAB!4OnSeptember17,2007,theTrusteeaccepted
hIS
appointmentaspennanenttrusteeoftheestatesofAMIandAB5PriortotheTrustee'sappointment,upontheapphcationoftheInterimTrustee,onoraboutAugust24,2007,theCourtentereditsOrderGrantingChapter7Trustee'sMotionforOrder(A)PursuanttoSection365oftheBankruptcyCodeAuthonzingRejectionofUnexpiredLeasesofRealPropertyandExecutoryContracts;(B)DiscretiontoAbandonPersonalPropertyLocatedatAnyLeasedPremisesand(C)GrantmgRelatedRelief(the"FIrstAbandonmentOrder")[DocketNos37and121]6TheFirstAbandonmentOrderauthorizestheTrustee,assuccessortotheIntenmTrustee,toabandoncertampersonalproperty,but
IS
hmitedtopersonalpropertylocatedatspecifiedlocations
In
themotiongrantingtheFirstAbandonmentOrder.7OnoraboutOctober10,2008,theTrusteecommencedanadversaryproceedmgagainstNationwide,AdvProcNo08-51486-CSS,seeking,interaha,avoidanceandrecoveryofcertamallegedpreferentialtransfers(the"NationwideAdversaryProceedmg")8AftercommencementDftheNatIonwIdeAdversaryProceedmg,theTrusteelearned,forthefirsttime
l,
thatNatIonwidewasinpossessIOnofloanongmatIOnfiles(the"Records")oftheDebtors,andhadbeenaccrumganadmmistrativeexpenseclaImassociatedWiththestoragecostsfortheRecords
1
TheDebtors'schedulesofassetsandhabihnesfiled
ill
thesecaseshavenoreferencetoNationwrdeortorecords
ill
Itspossession
WMIA929717vl07/07/09
 
3
9TheFirstAbandonmentOrder,byItsterms,doesnotapplytotheRecords
In
the
possession
of
Nationwide.
10.OnoraboutJune5,2009,upontheTrustee'sapplication,theCourt
entered
itsOrderApprovingTrustee'sSecondMattonfor
an
OrderApprovingSettlementsofAvoidanceActionsPursuanttoFedRBankr.P.9019(the"Second9019Order")[DocketNo
573].
TheSecond
9019
Orderapproves,mter
aha,
theTrustee'ssettlementoftheNationwideAdversaryProceeding11ThesettlementWIthNationwiderequirestheTrusteetoremove,orabandon.thebusinessrecordsmthepossessionofNationwide
JurisdictionandVenue
12ThisCourthasjurisdictionofthismaterpursuantto28USC§
§
157and1334.VenueISproperpursuantto28U.SC
§§
1408and1409ThISIS
a
coreproceedingpursuantto28U.S.C.§157(b)(2)
13
Thestatutory
predicates
for
the
reliefrequestedhereinare
section554of
theBankruptcyCodeandFederalRuleofBankruptcyProcedure6007
Relief
Requested
14
BythISApplIcatIOn,theTrusteerespectfullyrequestsentryofanorder
authonzing
theabandonmentofRecordsoftheDebtors
In
the
custodyofNatlonWIde15Uponmformationandbelief,formedafterreasonableinquiry,theRecordsinthecustodyofNattonwJdeconsIstofmesrelatedtoloansongInatedbytheDebtorsprIor
to
thePehtlOnDate.16Asofthedatehereof,theDebtors'estates,tothebestoftheTrustee'sknowledge,informatIonandbelIef,nolongerhaveanyinterest
III
ortoanyloansongmatedby
WMJA929717vl
07/07/09
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