Mitsuwa Corp. v. Orama Hospitality Grp., Ltd. (In re Orama Hospitality Grp., Ltd.)

HONORABLE JOHN K. SHERWOOD, UNITED STATES BANKRUPTCY JUDGE

The relief set forth on the following pages, numbered three (3) through eighteen (18), is hereby ORDERED.

INTRODUCTION

Under New Jersey law, liquor licenses cannot be pledged as collateral for the debts of the holder of the license. Thus, in bankruptcy cases, these licenses are usually unencumbered assets, available to fund the costs of administration of a bankruptcy case as well as distributions to general unsecured creditors. In the motions before the Court, Mitsuwa Corporation ("Mitsuwa"), the landlord and a creditor of Orama…