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BOWIE v. ROSE SHANIS FINANCIAL SERV., LLC

No. 2602, September Term, 2003.

862 A.2d 1102 (2004)

160 Md. App. 227

L.A. BOWIE v. ROSE SHANIS FINANCIAL SERVICES, LLC.

Court of Special Appeals of Maryland.

December 9, 2004.

Attorney(s) appearing for the Case

Charles W. Ayres, Jr., Glen Burnie, for Appellant.

Brian L. Moffet (Gordon, Feinblatt, Rothman, Hoffberger & Hollander, LLC on the brief), Baltimore, for Appellee.

Panel: KENNEY, ADKINS and CHARLES E. MOYLAN, JR. (retired, specially assigned), JJ.

CHARLES E. MOYLAN, Jr., Judge, retired, specially assigned.

This appeal raises the question of what happens to the ownership of a law suit that once vests in the trustee of a bankruptcy estate after the estate subsequently closes with the law suit yet unpursued. Is ownership in limbo? How, if at all, may a trustee, through inaction, abandon such an asset, thus permitting it to revest in the original debtor? Is there a difference between the fate of a law suit that...

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