- 11 U.S.C.
Ciprian Ltd. v. Oxford Dev. Co. Grant St. LP (In re Ciprian Ltd.)
Jun
21
2012
Ruling
Perfected security interest in liquor license and subsequent execution were not avoidable.
Procedural posture
Plaintiff chapter 7 trustee filed an adversary proceeding against defendant creditor, seeking a determination under 11 U.S.C.S. § 506 that the creditor did not hold a secured interest in a liquor license a business ("debtor") obtained before it declared bankruptcy, and a determination that a lien the creditor obtained less than ninety days before the debtor declared bankruptcy was a preferential transfer. The case was tried to the court.
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Court
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