In re Zota Petroleums, LLC
United States Bankruptcy Court, E.D. Virginia
1Opinion of the Court
MEMORANDUM OPINION
DOUGLAS O. TICE JR., Chief Judge.
Before the court is the motion of D & MRE, LLC, for recognition of its subles-see rights under a sublease rejected by debtor. The motion is opposed by LAP Petroleum, LLC, which argues that it purchased the underlying lease from debtor free and clear of any interest asserted by D & MRE. Resolution of the issue requires an analysis of the interplay between §§ 363 and 365(h) of the Bankruptcy Code.
The court finds that in this case, the provisions of § 365(h), which give the sub-lessee the right to retain its rights under the lease, apply, and D…
2Cases cited7 opinions
- In Re Varat Enterprises, Inc., Debtor. First Union Commercial Corporation v. Nelson, Mullins, Riley and ScarboroughCourt of Appeals for the First Circuit · 1996
- In Re TaylorUnited States Bankruptcy Court, D. South Carolina · 1996
- LHD Realty Corp. v. Metropolitan Life Insurance Co. (In Re LHD Realty Corp.)United States Bankruptcy Court, S.D. Indiana · 1982
- Micron Technology, Inc. v. Qimonda AG (In Re Qimonda AG Bankruptcy Litigation)District Court, E.D. Virginia · 2010
- South Motor Co. v. Carter-Pritchett-Hodges, Inc. (In Re MMH Automotive Group, LLC)United States Bankruptcy Court, S.D. Florida. · 2008
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