In Re Service Merchandise Co., Inc.

Memorandum

GEORGE C. PAINE, II, Chief Judge.

This matter is before the court on the objections of Ramco-Gershenson Properties, L.P. (hereinafter “Rameo” or “landlord”) to Service Merchandise Company, Inc.’s (hereinafter “debtors”) notice regarding the proposed assignment of its lease for store number 533 in Novi, Michigan. Generally, Rameo argues that the debtor cannot make the proposed assignment to JLPK-Novi, LLC (hereinafter “JLPK”) because it has failed to establish pursuant to 11 U.S.C. § 365(b)(3) and (f) adequate assurance of future performance by the proposed assignee (“JLPK”)…