Case No. 02-08699, (Jointly Administered)United States Bankruptcy Court, N.D. Illinois.
January 13, 2004
ORDER PURSUANT TO 11 U.S.C. § 105(a) AND FED. R. BANKR. P. 9019 AUTHORIZING THE DEBTORS TO SETTLE AND GRANT ADMINISTRATIVE EXPENSE PRIORTY TO CERTAIN CLAIMS ARISING FROM RECLAMATION; AND (II) SHORTENING NOTICE TO THAT GIVEN
JOHN SQUIRES, Bankruptcy Judge
This cause coming to be heard upon the Debtors’ Motion for Order Pursuant to 11 U.S.C. § 105(a) and Federal Rule of Bankruptcy Procedure 9019 Authorizing the Debtors to Settle and Grant Administrative Expense Priority to Certain Claims Arising from Reclamation and Shortening Notice to That Given (the “Motion”); no objections having been filed; the Court having jurisdiction over the Motion and the parties; good cause having been shown for the relief sought in the Motion; the Court finding that the Motion is a core proceeding within the meaning of 28 U.S.C. § 157; the Court finding that the relief requested in the Motion is fair and reasonable and in the best interests of the Debtors’ estates and their creditors; and the Court being fully advised in the premises, IT IS HEREBY ORDERED, ADJUDGED AND DECREED THAT
A. The Motion is granted and approved in its entirely.
B. Creditor Pasminco Zinc, Inc. is hereby granted an allowed administrative expense in the amount of $27,413.49, and an allowed general unsecured claim in the amount of $27,413.40; and
C. Creditor Rexel United is hereby granted an allowed administrative expense in the amount of $20,349.99, and an allowed general unsecured claim in the amount of $15,411.91; and
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D. The Debtors shall pay the allowed administrative expenses granted hereby within two (2) weeks of the entry of this Order, provided no appeal therefrom has been perfected; and,
E. Notice of the Motion is hereby shortened for cause to that given.