Bankr. No.:
88-50065
Chapter:
7
Date of Decision:
March 28, 1990
Issue:
Whether Chapter 7 trustee may settle a cause of action formerly belonging to the debtor for less than the debtor believes it is worth.
Ruling:
The Chapter 7 trustee may settle a cause of action formerly belonging to the debtor for less than the debtor believes it is worth. The debtor may purchase the action from the trustee if he wishes to proceed with the suit.
Full Bankruptcy Court Decision:
