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KABB Pship v. Faye Foods Inc. (In re Faye Foods Inc.)

KABB Pship v. Faye Foods Inc. (In re Faye Foods Inc.)

Ruling
Bankruptcy court properly refused to pay administrative expense claim for debtor's real estate broker fees from proceeds of sale.
Procedural posture

Lessor brought an adversary proceeding against debtor which leased property from the lessor seeking a declaration that the lessor was entitled to the proceeds of a sale of the property by the debtor under a disputed option to purchase granted to the debtor in the lease. The debtor appealed the order of the U.S. Bankruptcy Court for the Western District of Tennessee which granted summary judgment to the lessor.

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on December 20, 2010 , LexisNexis #0111-070