settlement with the creditors

But I was able to effect a settlement with the creditors in favour of the minor."

The court also appoints an administrator, who is tasked to negotiate an out-of-court settlement with the creditors.

After approving the last of more than 2,000 settlements with the creditors, Judge Harold C. Abramson confirmed the plan of William Hunt and his wife, Nancy, under Chapter 11 of the Federal Bankruptcy Code.