- FRBP
In re Jaraki
Jan
20
2006
Ruling
Debtor's objection to a settlement of undisclosed litigation was overruled s ince the settlement provided for more recovery than was likely to occur and, thus, was in the best interest of the estate.
Procedural posture
A bankruptcy debtor was discharged but his case was reopened upon discovery of a pending state litigation by the debtor which was not disclosed in the bankruptcy. The trustee moved for approval of a settlement of the litigation for $12,500 pursuant to Fed. R. Bankr. P. 9019, the debtor objected to the settlement on the ground that the value of the litigation substantially exceeded the settlement.
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Court
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