- 11 U.S.C.
In re Jacobsen
Feb
07
2011
Ruling
Debtor franchisee was required to cure existing defaults or provide adequate assurance of cure prior to assuming license agreements and leases.
Procedural posture
The chapter 11 debtor-in-possession moved to assume six leases and license agreements for franchises he owned for drive in restaurants located in Mississippi. The creditor franchisor filed a motion to dismiss or for summary judgment on the motions to assume.
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Court
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