Trustee Seeks Approval Of $2.9M Settlement In Insolvent Insurer’s Bankruptcy Case

Mealey's ( May 22, 2024, 9:26 AM EDT) -- WILMINGTON, Del. — A trustee for estates in an insolvent insurer’s Chapter 7 bankruptcy proceeding filed a motion to approve a $2.9 million settlement agreement between the parties, which includes a $100,000 payment to a broker who has assisted the trustee in managing the assets in the proceeding....