In re: Jeans.com

CourtUnited States Bankruptcy Court, D. Puerto Rico
DecidedApril 12, 2013
Docket12-01777
StatusUnknown

This text of In re: Jeans.com (In re: Jeans.com) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, D. Puerto Rico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re: Jeans.com, (prb 2013).

Opinion

1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF PUERTO RICO 2 3 IN RE: : CASE NO. 12-01777 (ESL) : 4 JEANS.COM : CHAPTER 11 : 5 Debtor : ____________________________________: 6 OPINION AND ORDER 7 This case is before the court upon the Motion for Order under Section 365(d)(3) Directing 8 Debtor in Possession to Pay Nonresidential Lease Post-Petition Obligations and for Payment of 9 Administrative Expenses filed by DDR Norte LLC S.E., DDR Atlantico LLC S.E., DDR Palma Real 10 LLC S.E., and DDR Rio Hondo LLC S.E. (collectively “DDR”, the “Motion for Payment and 11 Administrative Expenses”, Docket No. 172) and the Opposition thereto filed by the Debtor (Docket 12 No. 196). Also before the court is a Motion for Reconsideration of Orders and Request that the 13 Motions to Assume Executory Contracts are Held in Abeyance until Further Disclosure by the 14 Debtor filed by the Unsecured Creditors Committee (“UCC”) (Docket No. 236). For the reasons 15 stated below, DDR’s Motion for Payment and Administrative Expenses is denied in part and granted 16 in part and the UCC’s Motion for Reconsideration (Docket No. 236) is denied. 17 Procedural Background 18 The Debtor filed a voluntary Chapter 11 bankruptcy petition on March 9, 2012 (the 19 “Petition”, Docket No. 1) and has since then been managing its affairs and operating its business as 20 a debtor-in-possession pursuant to Sections 1107 and 1108 of the Bankruptcy Code. 21 On July 3, 5, and 9, 2012, the Debtor filed several Motions Assuming Executory Contracts 22 (Docket Nos. 130, 133, 135, 137 and 147) in regards to the lease agreements of commercial 23 properties located in #036 Yauco Plaza, San Lorenzo, Plaza Rio Hondo Shopping Center, Cidra 24 Shopping Center and Plaza San Sebastian. The Debtor alleged that, in its best business judgment, 25 assuming those lease agreements would result in the benefit of the bankruptcy estate. On July 31, 26 2012, the court entered an Order (Docket No. 160) scheduling a hearing for October 9, 2012 to 27 consider, inter alia, the Motions Assuming Executory Contracts filed by the Debtor. 28 On August 27, 2012, DDR filed the Motion for Payment and Administrative Expenses 1 (Docket No. 172) seeking an order for the Debtor to pay the post-petition rents for the use and 2 occupancy1 of certain commercial spaces. DDR contends that part of the bankruptcy estate’s assets 3 at the time of the Petition were the unexpired leases of certain nonresidential real property between 4 Debtor, as tenant, and DDR, as landlord, for commercial spaces at Plaza del Atlantico in Arecibo 5 and Plaza Rio Hondo in Bayamon (the “Debtor Premises”). DDR avers that the Debtor currently 6 uses those premises for its retail operations and maintains a “Jeans.com” store in each of them. 7 DDR contends that post-petition charges under the leases, as of August 17, 2012, amount to 8 $45,263.35 ($26,442.21 for Plaza del Atlantico and $18,821.14 for Plaza Rio Hondo). DDR also 9 sustains that the Debtor has also been using and deriving benefit from DDR’s Plaza del Norte 10 property, located in Hatillo, P.R., as well as the Plaza Palma Real property in Humacao, P.R. DDR 11 acknowledges that hese commercial spaces are currently leased to third-party, non-debtor entities, 12 which are related and/or affiliated to the Debtor (the “Related Premises”) but that the Debtor has 13 been using them for the operation, storage, and/or maintenance of certain “Jeans.com” stores. The 14 Debtor claims that post-petition charges as of August 17, 2012 for these Related Premises amount 15 to $70,051.99 ($29,597.45 for Plaza Palma Real and $40,454.54 for Plaza del Norte). DDR seeks 16 payment for post-petition rent for the Debtor’s use of DDR’s premises pursuant to Section 365(d)(3) 17 of the Bankruptcy Code and claims administrative expense treatment of these post-petition rents 18 under Section 503(b). 19 On September 14, 2012, the Debtor filed its Opposition to DDR’s Motion for Payment and 20 Administrative Expenses (Docket No. 196), acknowledging the imposition of post-petition rent and 21 administrative expenses for DDR’s premises at Plaza Rio Hondo, but arguing that DDR’s premises 22 at Plaza del Atlantico, Plaza Palma Real and Plaza del Norte are leased to a third-party, non-debtor 23 corporation named Felix Fanti and Michael Silva Enterprises, Inc. (“FFMSE”). The Debtor 24 25 1 “Use and occupancy” is a property right defined by state law. See e.g. Malden Mills Indus. v. Maroun (In re Malden Mills Indus.), 303 B.R. 688, 704 (1st Cir. BAP 2004). Article 1445(2) of Puerto Rico’s Civil Code, 31 26 L.P.R.A. § 4052(2), establishes that the use of the leased thing, in the absence of an agreement, may be inferred from the nature of the thing according to the nature of the land. In addition, the landlord’s obligation of providing the 27 tenant the use and occupancy of the thing is fulfilled in a continuous manner serving as the cause of the tenant’s obligation to make rental payments. See In re Quesada Vigo, 2009 Bankr. LEXIS 3847 at *21, 2009 WL 4040145 at 28 *6 (Bankr. D.P.R. 2009), citing Campos del Toro v. Tribunal Superior, 75 P.R.R. 348, 75 D.P.R. 370, 375 (1953). 2 1 concludes that post-petition rents and administrative expenses may only be allowed to DDR Rio 2 Hondo LLC S.E. in regards to the premise at Plaza Rio Hondo, but must be denied to DDR Norte 3 LLC S.E., DDR Atlantico LLC S.E. and DDR Palma Real LLC S.E. in regards to the premises at 4 Plaza del Atlantico, Plaza Palma Real and Plaza del Norte. 5 On September 18, 2012, the court entered an Order (Docket No. 199) scheduling a hearing 6 for October 9, 2012 to consider DDR’s Motion for Payment and Administrative Expenses (Docket 7 No. 172) and the Debtor’s Opposition thereto (Docket No. 196). On October 4, 2012, the court 8 entered several Orders Granting Unopposed Motions (Docket No. 206, 209, 210, 212 and 214) in 9 regards to the Debtor’s Motions Assuming Executory Contracts (Docket Nos. 130, 133, 135, 137 10 and 147). 11 On October 4, 2012, the UCC filed a Motion for Reconsideration of Orders and to Request 12 that the Motions to Assume Executory Contracts are Held in Abeyance until Further Disclosure by 13 the Debtor (Docket No. 215) sustaining that FFMSE was the party that appeared in some of the 14 assumed lease agreements, not the Debtor, and as such the information provided to assume the 15 contracts needed to be clarified in order to determine if they were assumable or not, and that the 16 same was true in other commercial properties. In addition, the UCC claims that no evidence of sub 17 leases or assignment of the leases between FFMSE and the Debtor has been provided and that 18 without that evidence, Section 365 of the Bankruptcy Code is inapplicable. The UCC also requested 19 that the court set aside the Orders granting the assumption of executory contracts entered at Docket 20 Nos. 206, 210, 212 and 214. 21 On October 4, 2012, DDR Rio Hondo LLC, S.E. filed a Motion to Vacate or Alter Order 22 Authorizing Assumption of Lease, Opposition to Dkt. 133 and Request to be Heard at Scheduled 23 Hearing (Docket No. 216) alleging that although it had entered into negotiations with the Debtor 24 for the assumption of the lease agreement for the Plaza Rio Hondo premises, the Debtor owed over 25 $35,000.00 in post-petition rent alone, and that under 11 U.S.C. § 365, the Debtor is required to pay 26 all pre-petition and post-petition rents outstanding as a condition to assume the executory contract. 27 DDR Rio Hondo LLC, S.E. requested that the Order granting assumption (Docket No. 209) be 28 vacated, or altered to conform to whatever stipulation is filed at or before hearing on October 9, 3 1 2012, and that DDR be heard at hearing as scheduled. 2 On October 8, 2012, DDR filed a Response to [the UCC]’s Position (Docket No.

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In re: Jeans.com, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-jeanscom-prb-2013.