- 11 U.S.C.
In re Greektown Holdings LLC
May
13
2009
Ruling
Debtor could assume executory contract where formal notice of default had never issued.
Procedural posture
A chapter 11 debtor moved for entry of an order authorizing assumption of an executory contract concerning the construction and operation of a casino. The city, which was a party to the contract, objected on the grounds that the debtor was in default, was legally incapable of curing the nonmonetary defaults, and had not provided any evidence of its ability to promptly cure the defaults or provide adequate assurance of performance.
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Court
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