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IN RE SCHENCK TOURS, INC.

Bankruptcy No. 183-32070-353.

69 B.R. 906 (1987)

In re SCHENCK TOURS, INC., Debtor.

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

February 10, 1987.

Attorney(s) appearing for the Case

Ballon, Stoll & Itzler, New York City, for debtor; Michael Z. Brownstein, and Joseph Bartfield, of counsel.

Heller, Horowitz & Feit, P.C., New York City, for AYL Realty Corp.; Stuart A. Blander, of counsel.

Sherman, Citron & Karasik, P.C., New York City, for creditor; Robert Kolodney, of counsel.

DECISION

JEROME FELLER, Bankruptcy Judge.

Before the Court is a motion for an order relieving AYL Realty Corp. ("AYL") from a contract of sale for certain real estate owned by the Debtor. The AYL motion arose in the context of a duly noticed hearing, upon application of the Debtor, to sell the subject real estate to AYL, the contract vendee, or any other offeror who may submit a higher or better offer. Hearings on the sale were held on March 4, 1986, March...

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