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Full title: Order Granting Motion for Approval of the Settlement Agreement Entered into by and Between the 1 GC Collections Creditors' Liquidating Trust and Firstusa Business Development, Inc. and Todd Myers. (Re: # [2611]) (Oriol-Bennett, Alexandra)

Document posted on Sep 16, 2021 in the bankruptcy, 3 pages and 0 tables.

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Motion for Approval of the Settlement Agreement Entered Into By and Between the 1 GC Collections Creditors’ Liquidating Trust and FirstUSA Business Development, Inc. and Todd Myers [ECF 1 The Debtors in the Chapter 11 Cases, along with the business addresses and the last four (4) digits of each Debtor’s federal tax identification number, if applicable, are: 1 GC Collections, c/o Development Specialists, Inc., 500 West Cypress Creek Road, Suite 400, Fort Lauderdale, Florida 33309 (9517); and 1 West Collections, c/oBy the Motion, the Liquidating Trustee seeks entry of an order, pursuant to sections 105(a) and 1107(a) of the Bankruptcy Code, Bankruptcy Rule 9019, and Local Rule 9019-1(A), authorizing and approving the Settlement Agreement.The Court, having reviewed the Motion and the Settlement Agreement, finds that (i) it has jurisdiction over the matters raised in the Motion pursuant to 28 U.S.C. §§ 157 and 1334; (ii) this is a core proceeding pursuant to 28 U.S.C. § 157(b)(2)(A) and this Court may enter a final order consistent with Article III of the Constitution; (iii) venue is proper before this Court pursuant to 28 U.S.C. §§ 1408 and 1409; (iv) the relief requested in the Motion is in the best interests of the 1 GC Collections Creditors’ Liquidating Trust (including any successor or assign, the “Trust”), the beneficial holders of the Trust and other parties in interest; (v) notice of the Motion was appropriate under the circumstances and no other notice need be provided; (vi) the Liquidating Trustee represented that the Motion was served on all parties required by Local Rule 9013-1(D) as modified by section 8.02 of the Plan, that the 21-day response time provided by that rule has expired, that no one has filed, or served on the Liquidating Trustee, a response to the Motion, and that the form of order was attached as an exhibit to the Motion; and (vii) upon review of the record before the Court, including the legal and factual bases set forth in the Motion, good and sufficient cause exists to grant the relief requested.Co-Counsel for the Liquidating Trustee (Epiq is directed to serve copies of this Order upon all interested parties and to file a Certificate of Service with the Court.)

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ORDERED in the Southern District of Florida on September 17, 2021. Robert A. Mark, Judge ______________________________________________U_n_ite_d_ S_t_at_es_ _Ba_n_k_ru_p_tc_y_ C_o_ur_t________UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF FLORIDA MIAMI DIVISION www.flsb.uscourts.gov In re: Chapter 11 1 GC COLLECTIONS, et al.,1 Case No. 18-19121-RAM Debtors. (Jointly Administered) ORDER GRANTING LIQUIDATING TRUSTEE’S MOTION FOR APPROVAL OF THE SETTLEMENT AGREEMENT ENTERED INTO BY AND BETWEEN THE 1 GC COLLECTIONS CREDITORS’ LIQUIDATING TRUST AND FIRSTUSA BUSINESS DEVELOPMENT, INC. AND TODD MYERS THIS MATTER came before the Court upon the Liquidating Trustee’s Motion for Approval of the Settlement Agreement Entered Into By and Between the 1 GC Collections Creditors’ Liquidating Trust and FirstUSA Business Development, Inc. and Todd Myers [ECF 1 The Debtors in the Chapter 11 Cases, along with the business addresses and the last four (4) digits of each Debtor’s federal tax identification number, if applicable, are: 1 GC Collections, c/o Development Specialists, Inc., 500 West Cypress Creek Road, Suite 400, Fort Lauderdale, Florida 33309 (9517); and 1 West Collections, c/o Development Specialists, Inc., 500 West Cypress Creek Road, Suite 400, Fort Lauderdale, Florida 33309 (1711).

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No. 2611] (the “Motion”)2 filed by the Liquidating Trustee. By the Motion, the Liquidating Trustee seeks entry of an order, pursuant to sections 105(a) and 1107(a) of the Bankruptcy Code, Bankruptcy Rule 9019, and Local Rule 9019-1(A), authorizing and approving the Settlement Agreement. The Court, having reviewed the Motion and the Settlement Agreement, finds that (i) it has jurisdiction over the matters raised in the Motion pursuant to 28 U.S.C. §§ 157 and 1334; (ii) this is a core proceeding pursuant to 28 U.S.C. § 157(b)(2)(A) and this Court may enter a final order consistent with Article III of the Constitution; (iii) venue is proper before this Court pursuant to 28 U.S.C. §§ 1408 and 1409; (iv) the relief requested in the Motion is in the best interests of the 1 GC Collections Creditors’ Liquidating Trust (including any successor or assign, the “Trust”), the beneficial holders of the Trust and other parties in interest; (v) notice of the Motion was appropriate under the circumstances and no other notice need be provided; (vi) the Liquidating Trustee represented that the Motion was served on all parties required by Local Rule 9013-1(D) as modified by section 8.02 of the Plan, that the 21-day response time provided by that rule has expired, that no one has filed, or served on the Liquidating Trustee, a response to the Motion, and that the form of order was attached as an exhibit to the Motion; and (vii) upon review of the record before the Court, including the legal and factual bases set forth in the Motion, good and sufficient cause exists to grant the relief requested. Accordingly, it is ORDERED as follows: 1. The Motion is GRANTED as set forth herein. 2. The Liquidating Trustee is AUTHORIZED to execute and enter into the Settlement Agreement, and the Settlement Agreement is APPROVED in its entirety. 2 Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Motion.

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3. The Proofs of Claim (including any and all amendments or supplements thereto) are hereby withdrawn and expunged. The Liquidating Trustee is authorized to modify the claims registry to reflect the withdrawal and expungement of the Proofs of Claim. 4. The Liquidating Trustee is hereby authorized and empowered to take all actions necessary to implement the relief granted in this Order. 5. This Court shall retain jurisdiction with respect to all matters arising from or relating to the interpretation or implementation of this Order. # # # Submitted by: Reginald Sainvil Fla. Bar. No. 1008135 reginald.sainvil@bakermckenzie.com BAKER & MCKENZIE LLP 1111 Brickell Avenue, Suite 1700 Miami, Florida 33131 Telephone: (305) 789-8900 Facsimile: (305) 789-8953 Co-Counsel for the Liquidating Trustee (Epiq is directed to serve copies of this Order upon all interested parties and to file a Certificate of Service with the Court.)

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