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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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