Lake Minnewaska Mountain Houses, Inc. v. Smiley (In Re Lake Minnewaska Mountain Houses, Inc.)

OPINION & ORDER

SPRIZZO, District Judge:

Appellant Lake Minnewaska, debtor in the bankruptcy proceeding below, com menced an adversary proceeding in the bankruptcy court against cross-appellants Ruth H. Smiley and her descendants (hereinafter collectively referred to as “the Smiley interests”). In its first and second causes of action, Lake Minnewaska sought to disaffirm, as executory, certain contracts with Ruth H. Smiley and her late husband Alfred F. Smiley (“the Smileys”) pursuant to which Lake Minnewaska’s predecessor-in-interest conveyed various property interests to the Smileys and their…