In Re Farrar McWill, Inc.

MEMORANDUM AND ORDER

G. WILLIAM BROWN, Bankruptcy Judge.

This bankruptcy proceeding comes before the Court on application of Farrar McWill, the debtor-in-possession, to reject an execu-tory contract with Stuart G. Levy, Jr., filed on May 14,1982. Subsequently, on June 28, 1982, Levy, by counsel, timely filed an objection to the debtor’s application.

Originally, the debtor-in-possession filed a petition seeking relief pursuant to the provisions of Chapter 11 of the Bankruptcy Code, 11 U.S.C., on March 19,1982. Thereafter, the debtor sought to reject a number of leases and executory contracts…