- 11 U.S.C.
Illinois Inv. Trust No. 92-7163 v. Allied Waste Indus. (In re Research Tech. Corp.)
Oct
01
2010
Ruling
Assignment of executory contracts for gas-energy conversion to investment trust properly denied absent adequate assurance of future performance.
Procedural posture
In Chapter 7 proceedings, a bankruptcy court denied the trustee's motion under 11 U.S.C.S. § 365(f)(2)(B) to assume and assign a debtor's executory contracts to appellant investment trust. The bankruptcy court also ordered appellant assignee to make an escrow deposit. The United States District Court for the Northern District of Illinois, Eastern Division, affirmed and held the assignee in contempt. Appellants sought review.
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Court
:
Judge or Jurisdiction information not available