Oct
08
2008
- 11 U.S.C.
Pre 2005-Act:
Pre 2005-Act
Ruling:
Trustee could not settle with lienholders over objections of debtor and unsecured creditors.
Procedural posture:
A chapter 7 trustee sought approval pursuant to Fed. R. Bankr. P. 9019(a) of settlements reached by him with various lienholders and the co-owners of property in which the bankruptcy estate also held an interest, and the authority to make distributions on account of those liens and co-interests. The debtor and an unsecured creditor objected. The court issued a scheduling order setting out the standard to be used in considering the request.
Issue:
ABI Membership is required to access the full summary of In re Engman. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Consumer case opionion summary, case decided on October 08,2008, LexisNexis #0109-104