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IN RE FAIRFIELD LUMBER & SUPPLY CO.

Bankruptcy No. 92-52987.

214 B.R. 441 (1997)

In re FAIRFIELD LUMBER & SUPPLY CO., Debtor.

United States Bankruptcy Court, D. Connecticut.

November 19, 1997.

Attorney(s) appearing for the Case

Christopher M. Royston, Coan, Lewendon, Royston, Deming & Gulliver, New Haven, CT, for Taiga Forest Products, Ltd.

Suzanne B. Sutton, Kaligian & Sutton, Orange, CT, for Official Committee of Unsecured Creditors.

Stuart Bear, Zeldes, Needle & Cooper, Bridgeport, CT, for Debtor-in-Possession.

MEMORANDUM OF DECISION ON MOTION FOR ALLOWANCE OF ADMINISTRATIVE CLAIM AND MOTION TO COMPROMISE

ALBERT S. DABROWSKI, Bankruptcy Judge.

I. INTRODUCTION

This contested matter arises from a challenge by the debtor-in-possession to the advisability of a claim settlement between the unsecured creditors' committee and a trade creditor holding alleged reclamation rights. Because the debtor-in-possession waived its right to object to the settlement...

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