"Whether or not money was paid for the development rights, they, and
Carabetta's interest in the contract was an ASSET of the debtor and
thus, protected by the Court. The Court administers the sale of the
assets out which the City's liens would have been satisfied, either in
whole or in part."
I don't believe you have a binding contract without consideration; if
Carabetta paid no money and provided no service, was there in fact a
valid contract?
Even if a promise to perform, in this case reneged on, satisfies
consideration, my understanding is that unpaid taxes, trump all other
claims; if these points weren't made I can't help wonder what fishy
lawyer acted for the city.
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