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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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