- 11 U.S.C.
In re B&P Baird Holdings Inc.
Nov
22
2011
Ruling
Debtor and shareholder lacked standing to object to trustee's settlement of claim given lack of surplus assets.
Procedural posture
The chapter 7 debtor, a corporation, filed an objection to a claim, and the chapter 7 trustee filed a motion to approve a settlement. The court considered whether the debtor and its shareholder had standing to be heard with respect to these contested matters.
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Court
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