Use this searchbox to search JudicialCaselaw.com for more interesting court decisions.

Sea Oaks Country Club LLC (20-17229-CMG)

U.S. Bankruptcy Court for the District of New Jersey

Share on Social Media

Sea Oaks Country Club LLC (20-17229-CMG)

Follow on Feedly for case updates: follow us on feedly

RSS: RSS Feed Icon

  • Opinion : Jointly administered Debtors motion to sell assets free and clear of liens is granted over the objection of Lifetime Golf Members. Court finds that the golf members have continuing obligations under lifetime membership agreements, despite the irrevocable nature of those agreements. The lifetime membership agreements are therefore executory contracts which may be rejected by Debtors pursuant to 11 U.S.C. § 365(a). Additionally, there is a bona fide dispute as to whether the lifetime membership agreements may be avoided under 11 U.S.C. § 544, providing an independent basis to allow the sale free and clear of the lifetime golf members interests under 11 U.S.C. § 363(f)(4). (related document:(Document 82) Motion to Sell Property Free and Clear of Liens under Section 363(f).Property for sale: real property commonly known as 99 Golfview Drive, Little Egg Harbor, Ocean County, New Jersey, all improvements, equipment, certain contracts, liquor license.. Fee filed by Debtor Sea Oaks Country Club LLC).. Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 11/10/2020. (dmi)

Use this searchbox to search JudicialCaselaw.com for more interesting court decisions.

Sea Oaks Country Club LLC (20-17229-CMG)

U.S. Bankruptcy Court for the District of New Jersey

Share this with your network