In re High Tech Packaging Inc.

Ruling: 
Settlement of claims against involuntary debtor's estate approved over objections of guarantors.
Procedural posture: 
An involuntary petition was filed against debtor corporation on May 15, 2008, and on June 9, 2008, the court adjudicated the corporation a debtor and appointed a trustee to represent the bankruptcy estate. The trustee filed a motion seeking permission to compromise claims creditors filed against the debtor's bankruptcy estate, and two creditors filed a limited objection to the trustee's motion.
Issue: 
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Commercial case opionion summary, case decided on October 31,2008, LexisNexis #0109-093