In Re Blesso

RULING DENYING TRUSTEE’S MOTION TO COMPROMISE CLAIM

ROBERT L. KRECHEVSKY, Bankruptcy Judge.

I

Before the court is the motion (“the motion”) of John J. O’Neil, Jr., Esq. (“the trustee”), the trustee in the Chapter 7 joint case of Paul Blesso (“Paul”) and Sheri Lynn Blesso (“Sheri”) (together, “the debtors”) to approve a settlement between the trustee and Ameriquest Mortgage Company (“Ameriquest”). The following background is based upon representations made by the trustee in the motion and at the motion hearing, and the case file.

II

BACKGROUND

The debtors, on June 18, 2004, filed a joint Chapter 7…