In Re Ryan

MEMORANDUM OPINION

ROBERT G. MAYER, Bankruptcy-Judge.

This case is before the court on the chapter 7 trustee’s motion to sell residential rental real property and the debtor’s competing offer. The trustee sought authority to sell the property to a third party for $370,000.00. The debtor objected, asserting that his offer of $50,000 would net the estate $5,000.00 more than the trustee’s proposed sale. This case offers an insight into the manner in which a chapter 7 trustee computes the expected benefit to the estate from the sale of an asset and the manner in which a debtor must compute his bid…