In Re Future Growth Enterprises, Inc.

OPINION

EMIL F. GOLDHABER, Chief Judge:

The primary issue for consideration in the instant case is whether 11 U.S.C. § 108(b) of the Bankruptcy Code (“the Code”) may give a debtor an additional 60 days in which to exercise an option to extend a lease of commercial realty notwithstanding 11 U.S.C. § 365(d)(3) of the Code. For the reasons stated below we conclude that § 108(b) may extend the time for exercising the option.

The facts of this case are as follows: 1 The debtor is a retail grocer which leases a parcel of improved realty from Logan Square, Inc. (“Logan”). The current lease runs from…