Bankr. No.:
03-10194
Chapter:
7
Date of Decision:
January 22, 2007
Issue:
Whether Chapter 7 trustee’s proposed settlement of a creditor’s claim should be approved?
Ruling:
The settlement was approved. The objector’s legal concerns regarding the documents underlying the claim could not be sustained, and the settlement was reasonable, in the best interests of the bankruptcy estate, and fair and equitable.
Full Bankruptcy Court Decision:
Appeal Summary:
In In re Tri-State Ethanol Company LLC, 369 B.R. 481 (D.S.D. 2007), the district court affirmed, holding the bankruptcy court did not abuse its discretion or commit error in approving the settlement. The Court of Appeals affirmed the district court. Tri-State Financial, LLC v. Lovald, 525 F.3d 649 (8th Cir. 2008), cert. denied, 129 S. Ct. 630 (2008).
Full Bankruptcy Appellate Panel/District Court Appeal Opinion:
Full Eighth Circuit Court of Appeals Opinion: