MEMORANDUM DECISION
ROBERT D. MARTIN, Bankruptcy Judge.
On March 8, 2007, William J. Rameker, chapter 7 trustee, reopened this chapter 7 case which had been closed in 2001, to administer a single asset. The trustee argues that a lawsuit by Mr. Jaynes, the debtor, against alleged embezzlers was not disclosed on the debtor's bankruptcy schedules. He has reached an agreement with the defendants and proposes to settle the lawsuit for $16,000.
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