IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF ILLINOIS
June 8, 2007
IN RE: CABINET CONNECTION, INC., DEBTOR.
ROBERT T. BRUEGGE, TRUSTEE, PLAINTIFF,
FIRST MID-ILLINOIS BANK, DEFENDANT.
The opinion of the court was delivered by: Herndon, District Judge
Bkr. Case No. 05-61257
Adv. No. 06-06037
Now before the Court is the Trustee's Application to Compromise Controversy (Doc. 8). The Application relates to a previous adversary proceeding in bankruptcy court, case number 06-06037, which was thereafter removed to this Court upon an Order to withdraw reference on January 5, 2007 (Doc. 5). The Trustee states that a settlement has been reached with Defendant to settle the adversary proceeding for a sum of Ten Thousand Dollars ($10,000.00). Attached to the Application is the consent of Defendant's counsel.
Thus, for good cause shown, the Court hereby authorizes the Trustee to settle the claim of the above-referenced bankruptcy estate against defendant First Mid Illinois Bank in the original amount of Thirty-One Thousand Thirty and 90/100 Dollars ($31,030.90) for the sum of Ten Thousand Dollars ($10,000.00). The Trustee shall move to dismiss this matter within thirty (30) days from the date of this order or shall file a status memorandum apprising the Court of why the matter cannot yet be dismissed.
IT IS SO ORDERED.
David R Herndon United States District Judge
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