G.B.G., Inc. v. Kolinsky (In re Kolinsky)

DECISION ON MOTION FOR SPECIFIC PERFORMANCE OF CONJO CONTRACT

HOWARD SCHWARTZBERG, Bankruptcy Judge.

G.B.G., Inc. (“G.B.G.”) and Jay Russ (“Russ”), the plaintiffs in this adversary proceeding, are suing the debtor, Joseph Kolinsky (“Kolinsky”), and his wholly-owned, nondebtor corporation, Conjo Realty Corp. (“Conjo”), for specific performance of a contract for the sale and purchase of real property. G.B.G. is the prospective purchaser and Russ is the broker that arranged the transaction. G.B.G. and Russ argue that they are entitled to specific performance because they have made a valid demand…