UNITED STATES BANKRUPTCY COURT
FOR THE _____________ DISTRICT OF _____________
IN RE:
NO. _____________
APPLICATION FOR ORDER TO COMPEL
DEBTOR - IN - POSSESSION TO ASSUME
OR REJECT
LEASE
S AND FOR
ADEQUATE PROTECTION
_______________________________
Comes now ___________________________ ("Movant"), by and through
its attorneys, and makes this its Application, pursuant to the
applicable provisions of the Bankruptcy Code, including 11 U.S.C.
Sections 105, 361, 363(e) and 365(d)(2), and moves the Court
(a) to order
_____________
, Debtor-in-Possession (hereinafter "the Debtor") in the
above - styled Chapter 11 bankruptcy case, to determine, within five
(5) days from the entry of an Order granting this Application,
whether the Debtor will assume or reject the Vehicle
Lease
- 2 -s described below (hereinafter
"Lease
s") entered into between the Debtor and Movant, (b) in the event
the Debtor rejects the
Lease
s, to order the Debtor, pursuant to 11 U.S.C. ? 105, to cooperate
with Movant in its efforts to repossess the
("
") which
is
are the subject of the
Lease
s and to order that the automatic stay covering said
is lifted, and (c) in the event the Debtor assumes the
Lease
s, to grant to Movant the adequate protection further described
below. In support thereof of this Application, Movant would show
unto the Court the following:
- 3 -1.
On
_____________
, an Order for Relief under Chapter 11 of the Bankruptcy Code was
entered by this Court. The Debtor has continued in business as
Debtor - in - Possession since that date.
2.
Prior to the entry of the aforesaid Order for Relief, the
Debtor entered into
certain
Lease
s with Movant by which the Debtor leased from Movant
_____________ . The lease term of said
Lease
s was for
( _____________
) months, with monthly payments as called for under the
Lease
- 4 -s. A true and correct copy of said
Lease
s, along with a more detailed description of the
_____________
, is attached hereto as Exhibit "1".
3.
Prior to the entry of the Order for Relief, and at all
material times subsequent thereto, the Debtor was and is in
default under the terms of the
Lease
s.
WHEREFORE, Movant, pursuant to the applicable provisions of
the Bankruptcy Code, including 11 U.S.C. Sections 105, 363 and
365, moves the Court to grant the following relief:
(a) To order the Debtor to determine, within five (5) days
from the entry of an Order granting this Application, whether the
Debtor will assume or reject the
Lease
s;
(b) In the event the Debtor elects to assume the
Lease
- 5 -s, to order the Debtor by the time of the election, to cure all
defaults, to compensate Movant for Movant’s actual pecuniary loss
resulting from such defaults, and to provide adequate assurance of
future performance under the
Lease
s; and
(c) To grant such other relief as the Court deems just and
proper.
Respectfully submitted,
Movant
BY:___________________________
One of Its Attorneys
OF COUNSEL:
CERTIFICATE
I,
_____________
, do hereby certify that I have this day caused a true and correct
copy of the above and foregoing pleading to be mailed by United
- 6 -States mail, postage prepaid, to
___________________________
, attorney for the Debtor.
This, the _____________ day of
_____________
, 20 ______ .
______________________________
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FAQs
Here is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
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