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Re: Bizreader post# 192444

Saturday, 04/24/2010 7:01:33 PM

Saturday, April 24, 2010 7:01:33 PM

Post# of 731367
biz just tell em to read the law,the law which any settlement has to go threw ...Rule 9019. Compromise and Arbitration
(a) Compromise.
On motion by the trustee and after notice and a hearing, the court may approve a compromise or settlement. Notice shall be given to creditors, the United States trustee, the debtor, and indenture trustees as provided in Rule 2002 and to any other entity as the court may direct.

(b) Authority to compromise or settle controversies within classes.
After a hearing on such notice as the court may direct, the court may fix a class or classes of controversies and authorize the trustee to compromise or settle controversies within such class or classes without further hearing or notice.
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