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IN RE SVENHARD'S SWEDISH BAKERY

Case No. 19-15277-C-11 Docket Control Nos. DT-61 & DT-62.

647 B.R. 554 (2022)

IN RE: SVENHARD'S SWEDISH BAKERY, Debtor.

United States Bankruptcy Court, E.D. California.

Signed December 19, 2022.

Attorney(s) appearing for the Case

Jason M. Blumberg , Sacramento, CA, for U.S. Trustee.

Solomon B. Cera , San Francisco, CA, for Special Counsel Solomon B. Cera.

Gary Garrigues , Larkspur, CA, for Special Counsel Gary Garrigues.

Paul S. Jasper , One Embarcadero Center, San Francisco, CA, for Creditor Committee.

Derrick Talerico , Los Angeles, CA, for Debtor.

OPINION ON MOTION TO APPROVE COMPROMISE

It was a great settlement: extinguish a $46 million liability for $3 million on the condition of adherence to a precise payment schedule. The entity that acquired the debtor's business thwarted payments, caused default, and let three years pass. Now defending...

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