Wheat and chaff

Anytime Fitness LLC v. Thornhill Bros. Fitness LLC, acknowledging that a bankruptcy debtor may assign or assume an executory contract, provided an important reminder about the extent of that power: “We reiterate our prior holdings: a debtor assuming an executory contract cannot separate the wheat from the chaff. And we make clear that, when a trustee relies on § 365(f) to assign an executory contract in bankruptcy, it must assign the contract in whole, not in part.” No. 22-30757 (Oct. 27, 2023).