W.J. Services, Inc., Wood F. Jones and Mary L. Jones v. Commercial State Bank of El Campo

We are called upon to visit the bankruptcy and related proceedings of the Jones’ and their corporation for the third time. Briefly stated, this appeal raises the question whether the failure of the Trustee appointed by the bankruptcy court to qualify as trustee (he failed to post a bond) deprives the bankruptcy court of jurisdiction to approve a settlement of litigation between the bankruptcy . estate and the bankrupts' former banker.

It does not. A proceeding to determine the acceptability of agreements compromising claims of the bankruptcy estate is a core proceeding which can be finally…