Lewis v. United States Internal Revenue Service (In re Alexander's Graham Bell, Inc.)

MEMORANDUM OPINION

BERNARD MARKOVITZ, Bankruptcy Judge.

Presently before this Court are cross motions for summary judgment. The parties *96have stipulated to the relevant facts. The only issue remaining is the determination of the Defendant's secured status in the sale proceeds from the Debtor’s liquor license. After a review of the pleadings and briefs, along with the relevant case law, we hold that the Defendant is secured in the sale proceeds of liquor license.

FACTS

Alexander’s Graham Bell, Inc. (hereinafter “Debtor”) was a Pennsylvania corporation engaged in the operation of a restaurant and…