In re Captains' Courageous, Inc.

ORDER APPROVING COMPROMISE OF CONTROVERSY

Edward F. Towers, trustee herein, having filed his Application for Order Authorizing Compromise of Controversy, due and adequate notice thereof having been given to creditors and other parties in interest, and no objections thereto having been filed, and it appearing to the Court, 21 B.R. 134 , that said Compromise is in the best interest of applicant and this estate for the reasons in said application set forth,

IT IS ORDERED, ADJUDGED AND DECREED AS FOLLOWS:

1. Said application be, and the same hereby is, granted.

2. IFG Leasing (hereinafter “IFG”) shall immediately take possession of the Chubasco and offer it for sale in a manner reasonably calculated to obtain the greatest price at the earliest possible time. The trustee shall use his best efforts to assist IFG in effecting such sale. All costs of sale, including, but not limited to, brokerage, maintenance, storage, necessary repairs, and insurance shall be a first charge against the proceeds of sale and payable from the proceeds. Included in such charges are IFG’s reasonable attorneys’ fees (as approved by the Court) incurred in supervising the sale of the Chubasco and preparing…