Federal Deposit Insurance Corp. v. Rivergate Executive Park, Ltd. (In re Premiere Property Investments, Ltd.)

ORDER

GEORGE C. PAINE, II, Bankruptcy Judge.

This matter is before the court on a motion for summary judgment filed by Riv-ergate Executive Park, Ltd. (hereinafter referred to as “defendant”). The controversy concerns whether the defendant paid sufficient Tennessee privilege taxes to secure its $517,785 claim against property formerly owned by the debtor. Upon consideration of the stipulations, statement of counsel and the entire record, this court concludes that the defendant has a secured interest against property formerly owned by the debtor in the amount of $421,526. Due to the debtor’s…