Summary of 4/23 Hearings
On April 23, 2007, the Court held an omnibus hearing addressing the following items:
1. Motion for Relief from the Automatic Stay with respect to 14 Forest Edge Court, Stafford, NJ filed by Sun National Bank: The Court scheduled a plenary hearing for May 31, 2007 at 10:00 am to hear evidence and determine whether cause exists to grant relief.
2. Motion to Compel Rejection of Executory Contract on behalf of Herbert and Sonya Yefsky: Adjourned until June 4, 2007 at 1:00 pm.
3. Motion to Compel Rejection of Executory Contract on behalf of Hung and Jin Chae: The motion was granted to permit the Chaes to terminate their contract by written notice to the Debtors.
4. Motion to Compel Rejection of Executory Contract on behalf of Frank DiGirolamo: Adjourned until May 7, 2007.
5. Motion to Compel Rejection of Executory Contract on behalf of Patrick and Gayle Giannetti: The Motion was granted to permit termination of the contract and relief from the automatic stay to pursue any claims the homebuyers may have against the bonding company. The Court did not impose a lien on the property.
6. Motion to Compel Rejection of Executory Contract on behalf of Mary Ann Garzaniti: The Motion was granted to permit termination of the contract and relief from the automatic stay to pursue any claims the homebuyers may have against the bonding company. The Court did not impose a lien on the property.
7. Motion for Final Order Authorizing Kara at Buckley Estates to Obtain Financing from Credit Suisse: Granted.
8. Motion for Final Order Authorizing Country Club Estates to Obtain Financing from Credit Suisse: Granted.
The next hearing date is scheduled for Monday, April 30, 2007 at 1:00 pm in Trenton, New Jersey.
1. Motion for Relief from the Automatic Stay with respect to 14 Forest Edge Court, Stafford, NJ filed by Sun National Bank: The Court scheduled a plenary hearing for May 31, 2007 at 10:00 am to hear evidence and determine whether cause exists to grant relief.
2. Motion to Compel Rejection of Executory Contract on behalf of Herbert and Sonya Yefsky: Adjourned until June 4, 2007 at 1:00 pm.
3. Motion to Compel Rejection of Executory Contract on behalf of Hung and Jin Chae: The motion was granted to permit the Chaes to terminate their contract by written notice to the Debtors.
4. Motion to Compel Rejection of Executory Contract on behalf of Frank DiGirolamo: Adjourned until May 7, 2007.
5. Motion to Compel Rejection of Executory Contract on behalf of Patrick and Gayle Giannetti: The Motion was granted to permit termination of the contract and relief from the automatic stay to pursue any claims the homebuyers may have against the bonding company. The Court did not impose a lien on the property.
6. Motion to Compel Rejection of Executory Contract on behalf of Mary Ann Garzaniti: The Motion was granted to permit termination of the contract and relief from the automatic stay to pursue any claims the homebuyers may have against the bonding company. The Court did not impose a lien on the property.
7. Motion for Final Order Authorizing Kara at Buckley Estates to Obtain Financing from Credit Suisse: Granted.
8. Motion for Final Order Authorizing Country Club Estates to Obtain Financing from Credit Suisse: Granted.
The next hearing date is scheduled for Monday, April 30, 2007 at 1:00 pm in Trenton, New Jersey.
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