In re Buscovs Inc.

Ruling: 
Bank's objection to sale of substantially all assets, including private credit card program, overruled.
Procedural posture: 
Debtors proposed a sale of substantially all of their assets, to include an assignment of a private label credit card program agreement between the debtors and a bank. The bank objected to the sale on the ground that 11 U.S.C.S. § 365(c)(2) prohibited the assignment of the executory contract to extend debt financing or financial accommodations to or for the benefit of the debtors.
Issue: 
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Commercial case opionion summary, case decided on November 21,2008, LexisNexis #0109-007