Case No. 02-08699 (Jointly Administered)United States Bankruptcy Court, N.D. Illinois, Eastern Division.
April 2, 2002
ORDER UNDER 11 U.S.C. § 365(A) AND 105(A) AND BANKRUPTCY RULE 6006 AUTHORIZING REJECTION OF CERTAIN EXECUTORY CONTRACTS
JOHN H. SQUIRES, United States Bankruptcy Judge
This matter having come before the Court on the motion, dated March 19, 2002 (the “Motion”),[1] of the above-captioned debtors and debtors-in-possession (collectively, the “Debtors”), for an order under 11 U.S.C. § 365(a) and 105(a) and Rule 6006 of the Federal Rules of Bankruptcy Procedure authorizing the Debtors to reject an executory contract as of March 20, 2002, as more fully described in the Motion; and the Court having determined that the relief requested in this Motion is in the best interests of the Debtors, their estates, their creditors and other parties-in-interest; and it appearing that notice of the Motion was good and sufficient under the particular circumstances and that no other or further notice need be given; and upon the record herein; and after due deliberation thereon; and good and sufficient cause appearing therefor, it is hereby
ORDERED, ADJUDGED AND DECREED THAT:
1. The Motion be, and it hereby is, GRANTED.
2. The Contract attached as Exhibit 1 to the Motion is hereby rejected as of March 20, 2002.
3. This Court shall retain jurisdiction to decide any disputes arising between the Debtors and BP Canada Energy Marketing Corp. with respect to the rejection of the Contract or this Order.
4. BP Canada Energy Marketing Corp. shall have until the general bar date as established in these cases to file a claim for rejection damages, if any, arising from rejection of the Contract.