Estiatorio Ent. Ltd.

CourtUnited States Bankruptcy Court, S.D. New York
DecidedMay 22, 2025
Docket21-22665
StatusUnknown

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Bluebook
Estiatorio Ent. Ltd., (N.Y. 2025).

Opinion

UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK ---------------------------------------------------------------x In re: Chapter 7

ESTIATORIO ENT. LTD., Case No. 21-22665 (SHL)

Debtor. ---------------------------------------------------------------x MEMORANDUM OF DECISION A P P E A R A N C E S: PICK & ZABICKI LLP Counsel for Stacey Realty Associates LLC 369 Lexington Avenue, 12th Floor New York, NY 10017 By: Douglas J. Pick, Esq. Eric C. Zabicki, Esq.

PENACHIO MALARA LLP Counsel for Debtor 245 Main Street, Suite 450 White Plains, NY 10601 By: Anne J. Penachio, Esq.

HOWARD P. MAGALIFF Chapter 7 Trustee 335 Madison Avenue, 9th Floor New York, NY 10017 By: Howard P. Magaliff, Esq.

SEAN H. LANE UNITED STATES BANKRUPTCY JUDGE Before the Court is the motion of Stacey Realty Associates LLC (the “Landlord”) for an order reopening the Chapter 7 case of Estiatorio Ent. Ltd. (the “Debtor”). See Motion of Stacey Realty Associates LLC for Entry of an Order Reopening Chapter 7 Case [ECF No. 64-1]1 (the

1 Unless otherwise indicated, references in this Memorandum of Decision to docket entries on the Case Management/Electronic Case Files (“ECF”) system are to Case No. 21-22665. “Motion”). The Debtor submitted the Objection of Debtor Estiatorio Ent. Ltd., d/b/a The Eastchester Odyssey Diner to Stacey Realty Associates LLC’s Motion to Reopen Chapter 7 Case [ECF No. 67] (the “Opposition”), along with the Declaration of Anne Penachio [ECF No. 66] (the “Penachio Declaration”) in support of its Opposition, to which the Landlord filed its Reply

to the Debtor’s Objection to the Reopening of the Debtor’s Chapter 7 Case [ECF No. 69] (the “Reply”). Following a hearing on the Motion on November 6, 2024 (the “Hearing”) and per the Court’s request, the Debtor filed the Sur-Reply of Debtor Estiatorio Ent. Ltd., d/b/a The Eastchester Odyssey Diner to Stacey Realty Associates LLC’s Motion to Reopen Chapter 7 Case [ECF No. 72] (the “Sur-Reply”) and Sur-Reply Declaration of Anne Penachio [ECF No. 73] (the “Sur-Reply Declaration”) and the Landlord filed its Response to Sur-Reply of the Debtor to Landlord’s Motion to Reopen the Debtor’s Chapter 7 Case [ECF No. 75] (the “Sur-Sur Reply”). For the reasons discussed below, the Motion is denied. BACKGROUND The Debtor filed a Chapter 11 petition on November 30, 2021 (the “Petition Date”). See

Chapter 11 Voluntary Petition [ECF No. 1]. Shortly thereafter, the Landlord moved to convert the case to Chapter 7. See Application of Stacey Realty Associates LLC in Support of Entry of an Order Converting the Debtor’s Chapter 11 Case to a Case Under Chapter 7 [ECF No. 7]. Following extensive briefing (see ECF Nos. 19, 20, 21, 37, 50), the Court converted the case to Chapter 7 on May 6, 2022. See Order Converting Chapter 11 Case to Case Under Chapter 7 of the Bankruptcy Code [ECF No. 51] (the “Conversion Order”). Howard P. Magaliff was then appointed as Chapter 7 trustee (the “Trustee”). See Notice of Appointment of Trustee [ECF No. 52]. The Landlord is the fee owner of non-residential real property located at 465 White Plains Road, Eastchester, New York. See Motion ¶ 1. The Landlord and the Debtor were parties to a pre-petition ground lease concerning that property (the “Lease”). See Motion ¶ 1; Opposition ¶ 1. The Debtor operated the Eastchester Odyssey Diner within the building (the

“Building”) located on the property. See Motion ¶ 1; Opposition ¶ 1. The Building, along with its furnishings, fixtures, and equipment, belonged to the Debtor. See Motion ¶ 1; Opposition ¶ 2. Before the filing of the bankruptcy, the Landlord and Debtor had disputed whether the Debtor defaulted on its obligations under the Lease and whether the Lease could be terminated. See generally Motion ¶¶ 2–7; Opposition ¶ 5. On June 9, 2022, the Trustee filed the Notice of Chapter 7 Trustee’s Intent to Abandon Property of the Bankruptcy Estate [ECF No. 56] (the “Notice of Abandonment”), indicating that the Trustee intended to abandon “the estate’s right, title and interest in and to the Debtor’s lease with Stacey Realty Associates for property located at 465 White Plains Road, Eastchester, NY 10709 (the “Lease”) as having inconsequential value to administer for the benefit of creditors.”

See Notice of Abandonment at 1. The deadline to object to the Trustee’s proposed abandonment was June 24, 2022. See id. at 1–2. If no objections were received by the deadline, “the abandonment of the Claim [would] be effective as of 12:01 a.m. on June 25, 2022 without further notice or order of the Bankruptcy Court . . . .” Id. at 2. If an objection was timely filed, “a hearing to consider such objections may be scheduled by the Bankruptcy Court.” Id. at 2. The Notice of Abandonment was served on the Landlord by first class mail that same day. See id. at 3 (Notice of Abandonment “served by first class mail upon the persons identified on the creditor matrix . . .”); see also Petition [ECF No. 1], at 30–32 (Landlord listed on creditor matrix attached to petition). No objections were filed and no hearing was held on the Notice of Abandonment. On September 1, 2023, the Landlord entered into a lease agreement with a new tenant and began construction on the Building for the new tenant. See Motion ¶ 13; Opposition ¶ 6. As

a result, the Debtor commenced an action in New York State Supreme Court, Westchester County against the Landlord and other defendants (the “State Court Action”), seeking, among other things, to quiet title, a declaration that the Debtor owns the Building and that the new lease is ineffective and enforceable, and to eject the new tenant from the Building. See generally Motion ¶ 14; Opposition ¶ 11. In the State Court Action, the Debtor also argued that the Lease’s forfeiture provision is void and unenforceable due to public policy. See Opposition ¶ 11. On October 15, 2024, the Landlord sought to reopen the Debtor’s bankruptcy case to remove the State Court Action to this Court, arguing that the Lease had been rejected rather than abandoned. See Motion ¶¶ 16, 18–23. The Debtor opposed the Motion, arguing that the Landlord’s removal attempt was untimely and that the Lease was abandoned. See Opposition ¶¶

18–28. On Reply, the Landlord argued, for the first time, that abandonment was defective in several ways and that any claims asserted by the Debtor in the State Court Action were never disclosed in the bankruptcy and thus remained property of the estate. See Reply ¶¶ 2(i)–(iv), 5– 7. As the Debtor and the Trustee did not have an opportunity to respond to arguments made by the Landlord for the first time on Reply, the Court provided the parties an opportunity to brief these issues. See Hr’g. Tr. 8:3–9:5, 16:25–17:5, 17:7–17:15, 19:6–10, 23:18–24:15 (Nov. 6, 2024) [ECF No. 71]. After the Hearing, the Debtor filed further briefing that again addressed abandonment of the Lease and the Building, as well as the disclosure of the claims in the Chapter 7 case. See Sur-Reply at 2–3, ¶¶ 1–21. The Landlord then responded. See Sur-Sur Reply at 1– 3. While the Motion was under advisement, the Landlord moved to dismiss the State Court Action, raising identical arguments in that case. See Letter dated January 8, 2025 Re: Status of

State Court Action [ECF No. 76]. On February 3, 2025, the state court denied the Landlord’s motion to dismiss and stayed the State Court Action pending resolution of the issues raised here. See Letter dated March 13, 2025 Re: State Court Decision & Order [ECF No. 78] at 4. For the reasons explained below, the Court denies the Motion. DISCUSSION I. Legal Standards A. Standard for Reopening a Bankruptcy Case A party may seek relief from an order closing a Chapter 7 case by making a motion in accordance with Bankruptcy Rule 5010. See In re Jones, 2025 Bankr. LEXIS 231, at *3–4 (Bankr. S.D.N.Y. Feb. 6, 2025) (citing In re Velez, 604 B.R. 438, 441 (Bankr. S.D.N.Y. 2019).

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