IN RE A.J. LANE & CO., INC.

Bankruptcy Nos. 89-40268-JFQ to 89-40272-JFQ.

107 B.R. 435 (1989)

In re A.J. LANE & CO., INC., Lane Homes, Inc., Lane Management, Inc. Fountainhead Associates of Westborough, Andrew J. Lane, Debtors.

United States Bankruptcy Court, D. Massachusetts.

November 27, 1989.


Attorney(s) appearing for the Case

Charles R. Dougherty, Hill & Barlow, Boston, Mass., for debtors.

Andrew Z. Schwartz, Foley, Hoag & Eliot, Boston, Mass., for Santa Fe Pacific Realty Corp.


OPINION

JAMES F. QUEENAN, Jr., Bankruptcy Judge.

The Debtor Andrew J. Lane moves to reject, pursuant to 11 U.S.C. § 365, a repurchase option contained in his deed of property in Ontario, California which he now wishes to sell rather than develop. Opposed to the motion is the successor-in-interest to the original grantor. The motion was granted by order dated November 20, 1989, which the court issued while this opinion was in draft form in order to facilitate...

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