Statutory text
11 U.S.C. App. (FEDERAL RULES OF BANKRUPTCY PROCEDURE) Rule 9019
(a) Approving a Compromise or Settlement . On the trustee’s motion and after notice and a hearing, the court may approve a compromise or settlement. Notice must be given to: • all creditors; • the United States trustee; • the debtor; • all indenture trustees as provided in Rule 2002; and • any other entity the court designates. (b) Compromising or Settling Controversies in Classes .
After a hearing on such notice as the court may order, the court may: (1) designate a class or classes of controversies; and (2) authorize the trustee to compromise or settle controversies within the class or classes without further hearing or notice. (c) Arbitration of Controversies Affecting an Estate . If the parties so stipulate, the court may authorize a controversy affecting an estate to be submitted to final and binding arbitration.
