OPINION Laura K. Grandy , United States Bankruptcy Judge . This matter is before the Court on Trustee Robert T. Bruegge's ("Trustee's") Application to Compromise the Chapter 7 Debtor's interest in a class action lawsuit and the Debtor's objection thereto. For the reasons discussed below, the Application is denied. FACTS Debtor Alan Presswood ("Debtor") filed a Chapter 7 petition on May 29, 2012 and movant Robert T. Bruegge was appointed Trustee of the bankruptcy estate. At the time...
OPINION LAURA K. GRANDY , Bankruptcy Judge . The debtor filed its First Amended Plan of Reorganization ("the Plan") on October 26, 2015, and the debtor's largest unsecured creditor, Global Traffic Technologies, LLC ("GTT"), objected. A trial on the objections to confirmation was held on March 1, 2016. After hearing the testimony of witnesses and arguments of counsel, the Court took the matter under advisement. For the reasons set forth below, the Court finds that the Plan meets the...
OPINION LAURA K. GRANDY , Bankruptcy Judge . The debtor filed its First Amended Plan of Reorganization ("the Plan") on October 26, 2015, and the debtor's largest unsecured creditor, Global Traffic Technologies, LLC ("GTT"), objected. A trial on the objections to confirmation was held on March 1, 2016. After hearing the testimony of witnesses and arguments of counsel, the Court took the matter under advisement. For the reasons set forth below, the Court finds that the Plan meets the...
