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IN RE FAMILY SHOWTIME THEATRES, INC.

Bankruptcy Nos. 085-50528-21 to 085-50531-21.

58 B.R. 679 (1986)

In re FAMILY SHOWTIME THEATRES, INC., Cordamanda Development Corp., Family Showtime Theatres of Levittown, Inc., Family Showtime Theatres of Bay Parkway, Inc., Debtors.

United States Bankruptcy Court, E.D. New York.

January 29, 1986.

Attorney(s) appearing for the Case

James W. Dougherty, P.C., Malverne, N.Y., for Larry Weiss Adv., Joseph Aragona & Sons, J.K. Elec. Co. and Marlin Refrigeration.

Paul Schimmel, Commack, N.Y., for LI Equipment Service and L.E. World Impex Co., Inc.

Schwartz, Sachs & Kamhi, Carle Place, N.Y. by Gary Sachs, for R.H. Belam.

Finkel, Goldstein & Berzow, New York City by Harold S. Berzow, for debtor.

Meiselman, Boland, Reilly & Pittoni, Mineola, N.Y. by M. John Pittoni, for Chemical Bank.

Shea & Gold, New York City by Michael E. Emrich and Daniel L. Carroll, for Landlord Toys R Us.

Zinker & Stern, Smithtown, N.Y. by Edward Zinker, for Landlord J & K Commack, Inc.

Kazdin, Weinstein & Bier, New York City (Craig Rieders, of counsel), for Landlord J.W. Mays, Inc.

OPINION

CECELIA H. GOETZ, Bankruptcy Judge:

Before the Court for decision are several motions.

One of the debtors in this consolidated proceeding, Family Showtime Theatres of Bay Parkway, Inc. ("Family Showtime Bay Parkway") is seeking, pursuant to 11 U.S.C. § 365(d)(4), to extend its time to either assume or reject its lease ("the Lease") with Toys "R" Us-Nytex, Inc. ("Toys R Us").

Toys R Us is not only opposing any such extension,...

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