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  5. 145 B.R. 138 (1992)
 

IN RE HOOKER INVESTMENTS, INC.

Bankruptcy Nos. 89-B-11986, 89-B-12000, 89-B-12199, 89-B-12389, 89-B-12696, 89-B-12741, 89-B-13377, 89-B-13340, 90-B-10058, 90-B-10374, 90-B-10395, 90-B-10675, 90-B-10733, 90-B-11869, 90-B-11879, 90-B-12284 (TLB).

145 B.R. 138 (1992)

In re HOOKER INVESTMENTS, INC., LJ Hooker Corporation, Inc., et al., Debtors.

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

July 17, 1992.

Attorney(s) appearing for the Case

Proskauer Rose Goetz & Mendelsohn by David I. Goldblatt, Michael Foreman, Todd S. Chasin (on brief), New York City, for debtors.

Anderson Kill Olick & Oshinsky, P.C. by Martin F. Brecker, Susan G. Papano, New York City, for John J. Schultz.

MEMORANDUM DECISION DETERMINING THAT EXECUTIVE'S CLAIM IS NOT SEVERANCE PAY AND IS NOT AN EXPENSE OF ADMINISTRATION

PRUDENCE B. ABRAM, Bankruptcy Judge.

The court is required to determine whether the debtors should be required to pay over $4 million as an expense of administration to a terminated executive whose prepetition employment contract has been rejected. The executive claims that the monies constitute severance pay. The executive urges that several...

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