(a)      Chapter 7 Trustee Abandonment at § 341 Meeting of Creditors. A chapter 7 trustee may abandon at the § 341 meeting of creditors all property that the trustee has determined is burdensome to the estate or that is of inconsequential value and benefit to the estate. No later than two business days after conclusion of the § 341 meeting of creditors, the trustee must file a report of the property abandoned. An objection to the abandonment must be filed no later than 14 days after the report is filed.

(b)     Trustee Report of No Distribution. A chapter 7 trustee’s report of no distribution constitutes notice of the proposed abandonment of all scheduled assets under § 554(c) at the time of the closing of the case.