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IN RE SCIMECA FOUNDATION, INC.

No. 10-13662.

497 B.R. 753 (2013)

In re SCIMECA FOUNDATION, INC., Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

September 16, 2013.

Attorney(s) appearing for the Case

Roger V. Ashodian, Regional Bankruptcy Center of SE PA, Havertown, PA, Robert B. Eyre, Foehl & Eyre, PC, Media, PA, William H Hall, IV, Jennifer Song, The Regional Bankruptcy, Havertown, PA, for Debtor.

Kevin P. Callahan, United States Trustee, Dept. of Justice, Philadelphia, PA, for U.S. Trustee.

Gary F. Seitz, Gellert Scali Busenkell & Brown LLC, Philadelphia, PA, Jennifer M. Zelvin, Gellert Scali Busenkell & Brown, LLC, Philadelphia, PA, for Trustee.

MEMORANDUM

BRUCE FOX, Bankruptcy Judge.

The chapter 7 trustee, Gary F. Seitz, has filed a motion seeking court approval to sell the debtor's real and personal property free and clear of liens. In connection with this sale, the trustee seeks approval of an agreement with a secured creditor, Ciena Capital Funding LLC, which settles the trustee's potential claim under 11 U.S.C. § 506(c) and includes authorization to pay from the sale proceeds all normal...

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