Barroso-Herrans v. Lugo-Mender (In re Barroso-Herrans)

Pre 2005-Act: 
Pre 2005-Act
Bankruptcy court properly approved trustee's settlement of lawsuits where debtor's valuation of claimed exemption was dubious.
Procedural posture: 
Appellant debtors sought review of a decision of the U.S. District Court for the District of Puerto Rico, which upheld a bankruptcy court's approval of a litigation settlement in their chapter 7, 11 U.S.C.S. § 701 et seq., bankruptcy case that appellee trustee had unilaterally negotiated with a state agency.
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Consumer case opionion summary, case decided on May 07,2008, LexisNexis #0608-029