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In re Hammons

In re Hammons

Ruling
Debtors could reject executory contract for debtor-financed sale of residential real estate as closing had been adjourned and buyers had not made any payments.
Procedural posture

In a chapter 13 bankruptcy case, debtors made a motion, pursuant to 11 U.S.C.S. § 365(i), to reject an executory contract concerning residential real property regarding the sale of a house to buyers.

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Consumer opinion summary, case decided on August 30, 2010 , LexisNexis #1010-081