Record Company, Inc. v. Bummbusiness, Inc. (In Re Record Company, Inc.)

ENTRY ON DEFENDANTS’ PETITION FOR TIME LIMITATION TO ASSUME OR REJECT EXECUTORY CONTRACT

ROBERT L. BAYT, Bankruptcy Judge.

Defendants (hereinafter “Bummbusiness” and “Myers”, respectively) have filed a petition seeking a limitation of time within which plaintiff (hereinafter “The Record Company”) must assume or reject an execu-tory contract. That contract, for the sale of a retail record business, is the transaction out of which the substantive claims and counterclaims of this adversary proceeding originate. In ruling on the instant petition, the court must decide at the threshold whether that…