THE LAWS OF CREDIT AND COLLECTIONS

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                          EXECUTORY CONTRACTS

These are contracts in which more remains to be done by either the debtor or the creditor (in addition to the payment of money):  delivery of goods, rental of equipment, additional services, etc.

The debtor has the right to decide whether to "assume" or "reject" the contract.  And the debtor can wait a long time to make the decision.  You can ask the judge to force the debtor to make up its mind sooner.

If the debtor wants to "assume" (continue to enjoy the benefits of) the contract, the debtor must pay that creditor what the debtor owes under the contract that arose before the bankruptcy petition was filed.

Good luck!!  Debtors like to avoid having to pay pre-petition balances, even when they want to continue the contract.