IN RE BICOASTAL CORP.

Bankruptcy No. 89-8191-8P1.

164 B.R. 1009 (1993)

In re BICOASTAL CORPORATION d/b/a Simuflite, f/k/a The Singer Company, Debtor.

United States Bankruptcy Court, M.D. Florida, Tampa Division.

September 27, 1993.


Attorney(s) appearing for the Case

Harley E. Riedel, David B. Potter, Donald E. Engle, Robert H. Wheeler, for debtor.

William Goldman, for Unsecured Creditors' Committee.


ORDER ON MOTION TO SELL AND COMPROMISE CONTROVERSY

ALEXANDER L. PASKAY, Chief Judge.

THE OLD adage that a bird in the hand is worth two in the bush frequently comes into play in the administration of estates in bankruptcy. This is particularly true when the matter under consideration is a proposed compromise of a controversy by the estate or a sale of an asset of the estate. Unfortunately, in the present instance, both of these are involved in the Motion...

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