Opinion
FINDINGS OF FACT AND CONCLUSIONS OF LAW
EDWARD D. JELLEN, Bankruptcy Judge
A hearing was held April 8, 2010 on the proposed sales by Tevis T. Thompson, Jr., Chapter 7 Trustee ("Trustee") of the estate of Carolina C. Rynda, Debtor, ("Debtor") of certain assets of the estate. Appearances were noted on the record.
The Court hereby makes the following findings of fact:
1. There is no market for the estate's right, title, and interest in stock of Rynda's No. 1 Insurance Services, Inc (the "Corporation").
2. The Trustee's marketing efforts concerning the sales were adequate under the circumstances, and an appropriate exercise of the Trustee's business judgment.
The Court hereby makes the following conclusions of law:
1. The assets of the Corporation are not property of the bankruptcy estate;
2. It is permissible to permit the Debtor to credit bid her exemption;
3. The sales are fair and reasonable, are in the best interest of the estate, and are a property exercise of the Trustee's business judgment.
4. There is no legal requirement that the Trustee obtain the highest and best price.