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In re Fodale

In re Fodale

Ruling
Settlement with lender including selling LLC membership interests approved over creditor's objection.
Procedural posture

In this chapter 7 case, the trustee filed a motion under Fed. R. Bankr. P. 9019 for entry of order authorizing compromise of claims and approval of a related sale of minority ownership interest. A creditor objected to the proposed settlement.

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Consumer opinion summary, case decided on February 22, 2013 , LexisNexis #0413-070