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  • Order Approving Stipulation Resolving Request and Application For Payment of Administrative Expense Claim of Excelleratehro LLP

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    The United States Bankruptcy Court approved a stipulation resolving an administrative expense claim filed by ExcellerateHRO LLP against Collins & Aikman Corporation. Under the stipulation, the Collins & Aikman Post-Consummation Trust will pay ExcellerateHRO $20,000 within 10 days in full satisfaction of the administrative claim. Additionally, ExcellerateHRO's rejection damages claim will be amended to an unsecured claim of $687,979. The order reserves the ability of the Litigation Trust to object to the rejection damages claim amount.

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    The United States Bankruptcy Court approved a stipulation resolving an administrative expense claim filed by ExcellerateHRO LLP against Collins & Aikman Corporation. Under the stipulation, the Collins & Aikman Post-Consummation Trust will pay ExcellerateHRO $20,000 within 10 days in full satisfaction of the administrative claim. Additionally, ExcellerateHRO's rejection damages claim will be amended to an unsecured claim of $687,979. The order reserves the ability of the Litigation Trust to object to the rejection damages claim amount.

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    11 views2 pages

    Order Approving Stipulation Resolving Request and Application For Payment of Administrative Expense Claim of Excelleratehro LLP

    Uploaded by

    Chapter 11 Dockets
    The United States Bankruptcy Court approved a stipulation resolving an administrative expense claim filed by ExcellerateHRO LLP against Collins & Aikman Corporation. Under the stipulation, the Collins & Aikman Post-Consummation Trust will pay ExcellerateHRO $20,000 within 10 days in full satisfaction of the administrative claim. Additionally, ExcellerateHRO's rejection damages claim will be amended to an unsecured claim of $687,979. The order reserves the ability of the Litigation Trust to object to the rejection damages claim amount.

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    UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MICHIGAN SOUTHERN DIVISION In re: Collins & Aikman Corporation, et al.

    , ) ) ) ) ) ) ) Chapter 11 Case No. 05-55927-SWR Jointly Administered

    Debtors.

    ORDER APPROVING STIPULATION RESOLVING REQUEST AND APPLICATION FOR PAYMENT OF ADMINISTRATIVE EXPENSE CLAIM OF EXCELLERATEHRO LLP Upon the Stipulation, by and between the Collins & Aikman Post-Consummation Trust (the Trust) and ExcellerateHRO LLP (ExcellerateHRO), resolving the Request and Application for Payment of Administrative Expense Claim of ExcellerateHRO LLP (the Request); the Court having reviewed the Stipulation and finding good cause for entry of this Order: IT IS HEREBY ORDERED that: 1. 2. The Stipulation is approved in its entirety. In full satisfaction of the Administrative Claim1, (a) the Trust will pay to

    ExcellerateHRO the amount of $20,000.00 within 10 days after entry of this Order; and (b) the Rejection Damages Claim is hereby amended to an unsecured amount totaling $687,979.00. 3. This Order is without prejudice to the Litigation Trusts ability to object to or

    otherwise contest the Rejection Damages Claim. 4. KCC is authorized to take all actions necessary to reflect the amended Rejection

    Damages Claim in the amount set forth in paragraph 2 above.

    All capitalized terms not defined herein shall have the meaning ascribed to them in the Stipulation.

    0W[;(&0

    0555927080616000000000004

    5.

    The Bankruptcy Court shall retain jurisdiction to resolve any disputes or

    controversies arising from or related to the implementation of this Order.


    .

    Signed on June 16, 2008 _ __ _/s/ Steven Rhodes _ _ Steven Rhodes Chief Bankruptcy Judge

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