Case No. 04-08130-TOM-11.United States Bankruptcy Court, N.D. Alabama, Southern Division.
August 11, 2005.
ORDER APPROVING COMPROMISE BETWEEN DEBTORS AND TOWNLEY LUMBER COMPANY
TAMARA MITCHELL, Chief Judge, Bankruptcy
This matter came to be heard upon the motion (the “Motion”) of Citation Corporation (“Citation”), its holding company, and certain of its direct and indirect subsidiaries (the “Subsidiaries”), as debtors and debtors in possession (collectively, the “Debtors”), for authorization to enter into a settlement agreement with Townley Lumber Co. (the “TLC”) pursuant to Rule 9019 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”); the Court having jurisdiction to consider the Motion and the relief requested therein in accordance with 28 U.S.C. §§ 157 and 1334; due notice of the Motion having been provided to all parties on the Master Service List and counsel for TLC; and it appearing that no other or further notice need be provided; the Court having determined that the relief sought in the Motion is in the best interests of the Debtors, their creditors, and all parties in interest; upon the Motion and all of the proceedings before this Court; and after due deliberation and sufficient cause appearing therefor, it is hereby
ORDERED that the Motion is GRANTED; and it is further
ORDERED that the terms of the stipulation between the Debtors and TLC attached to the
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Motion (the “Stipulation”) are approved; and it is further
ORDERED that Claim No. 244 of TLC shall constitute an allowed Class 5 general unsecured claim in the amount of $36,688.22 and an allowed administrative expense claim in the amount of $2,843.10.