In re Basler

Settlement providing for debtors, physician and spouse, to purchase physician's professional corporation approved.
Procedural posture: 
Claimants objected to a proposed settlement between debtors, being a physician and his wife, the chapter 7 trustee, and the U.S. Trustee (UST), of claims raised in debtors' chapter 7 case which settlement provided, inter alia, for debtors to purchase the estate's interest in debtor's professional corporation (PC) through which he practiced medicine. At issue was whether the settlement was properly approved under Fed. R. Bankr. P. 9019.
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Consumer case opionion summary, case decided on November 02,2011, LexisNexis #1211-033