In re Dennett

Ruling: 
Settlement of debtor's claim under land repurchase agreement approved.
Procedural posture: 
A Chapter 7 trustee filed a motion pursuant to Fed. R. Bankr. P. 9019 to compromise and settle a claim that concerned litigation pending in state court involving a repurchase agreement for land. The debtor opposed the trustee's motion to compromise and filed a motion for abandonment pursuant to 11 U.S.C.S. § 554(a). Two creditors also opposed the trustee's motion.
Issue: 
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Consumer case opionion summary, case decided on March 07,2011, LexisNexis #0411-060