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IN RE RLR CELESTIAL HOMES, INC.

Bankruptcy No. 89 B 20552.

108 B.R. 36 (1989)

In re RLR CELESTIAL HOMES, INC., Debtor.

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

December 7, 1989.

Attorney(s) appearing for the Case

Barr and Faerber, Spring Valley, N.Y., for debtor.

Rider, Weiner & Melchiori, P.C., Newburgh, N.Y., for Dr. Edgar J. and Evelyn Rojas.

Donna R. Cohen, Office of Donald Tirschwell, New City, N.Y., for Ponce de Leon Savings Bank.

DECISION ON DEBTOR'S MOTION TO REJECT EXECUTORY CONTRACT

HOWARD SCHWARTZBERG, Bankruptcy Judge.

The Chapter 11 debtor, RLR Celestial Homes, Inc. ("RLR") has moved for an order pursuant to 11 U.S.C. § 365 rejecting a real estate development contract under which it agreed to build and sell a single family residence for Dr. and Mrs. Edgar Rojas ("the Rojas"). RLR also seeks an order fixing the lien of the Rojas in accordance with 11 U.S.C. § 365(j...

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