- FRBP
In re HyLoft Inc.
May
25
2011
Ruling
Approval of settlement denied absent proof of maximum benefit to the estate.
Procedural posture
Debtor corporation filed a petition under Chapter 7 of the Bankruptcy Code, and a trustee who was appointed to administer the debtor's bankruptcy estate filed a motion seeking an order under Fed. R. Bankr. P. 9019 that approved an asset purchase agreement and a compromise of claims her attorney negotiated with parties that had an ownership interest in the debtor. Several creditors filed objections to the trustee's motion.
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Court
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