Jeffrey and Jeffrey v. Desmond
Court of Appeals for the First Circuit
1Opinion of the Court
TORRUELLA, Chief Judge.
John and Marsha Jeffrey (the “appellants”) appeal the decision of the district court, affirming the bankruptcy court’s decision to compromise a claim belonging to the appellants’ Chapter 7 estate. Appellants contend that the bankruptcy court abused its discretion when it approved the Chapter 7 Trustee’s motion to compromise the claim. For the reasons stated below, we affirm.
BACKGROUND
On February 14, 1992, appellants filed a petition under Chapter 7 of the Bankruptcy Act, 11 U.S.C. § 701 et seq. (1988), and John O. Desmond, an appellee in this case, was appointed the…
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