Bankr. No.:
96-40694
Adv. No.:
97-4029
Chapter:
7
Date of Decision:
September 18, 1997
Issue:
Whether case trustee was entitled to full settlement proceeds where alleged subrogee did not object to the trustee's motion to approve settlement?
Ruling:
Ruling: The subrogee waived its participation in the settlement before the bankruptcy was commenced and did nothing to "revive" it until after the trustee's settlement was approved. Accordingly, the full settlement was property of the bankruptcy estate.
Full Bankruptcy Court Decision:
