In Re Fashion Two Twenty, Inc.

MEMORANDUM OF OPINION AND DECISION

WILLIAM J. O’NEILL, Bankruptcy Judge.

This cause came on for hearing upon a “Motion for Order Authorizing Rejection of Executory Contracts” filed by the Chapter 11 debtor, Fashion Two Twenty, Inc.

Upon the evidence and counsels’ arguments and briefs, the Court finds the facts as follows:

Fashion Two Twenty, Inc., hereinafter FTT, was founded in 1962. They manufacture a line of cosmetic products marketed to residences through an organization of distributors. The distributors are independent contractors with whom FTT has contractual agreements written from May 10,…