Opinion ID: 2557
Heading Depth: 1
Heading Rank: 6

Heading: ReGen Acquires AT & T's Claim Against the Debtor and Files for Relief

Text: Approximately two weeks later, on May 26, 2004, AT & T assigned to ReGen its claim against the Debtor. The following month, by order dated June 29, 2004, the bankruptcy court established August 9, 2004, as the deadline for filing any remaining claims against the Debtor. That order expressly disclaimed any extension of the bar date previously established by this Court to file claims arising from the assumption and assignment of executory contracts in connection with the Debtor's sale of its assets to Transaction Network Services, Inc. In re: U.S. Wireless Data, Inc., No. 04-12075, Order at 2 (Bankr. S.D.N.Y. June 29, 2004). Several weeks before the August 9, 2004 deadline, ReGen nevertheless filed with the bankruptcy court proof of the claim it had acquired from AT & T in the amount of $71,282.60 (designated in the bankruptcy proceeding as Claim No. 26). Although the precise timing is disputed, some time around the close of the asset sale to Transaction Network Services and before the filing of ReGen's claim, the Debtor had made a cure payment to AT & T in the amount of $22,315.56 to satisfy its default under the AT & T contract. The Debtor asserts that it proffered more than the amount listed on the executory contract schedule because it had determined that pre-petition arrearages under the AT & T contract in fact exceeded $11,406.43. AT & T appears to have accepted this payment without objection. ReGen nevertheless submits that $48,967.04 remains owing on the initial $71,282.60 claim.