Legal Opinion
Straffi v. New Jersey (In Re Chris-Don, Inc.)
District Court, D. New Jersey
Decided April 30, 2004No. Bankruptcy No. 01-56546 (RTL). Adversary No. 03-1815 (RTL)PublishedCited by 2 opinions
1Opinion of the Court
OPINION
RAYMOND T. LYONS, Bankruptcy Judge.
Presented for the court’s determination are cross motions for summary judgment regarding the extent, validity and priority of hens attaching to the proceeds from the sale of the debtor’s liquor license. The trustee sold the liquor license for a purchase price of $ 155,000. Three parties asserted liens on the sale proceeds, United Trust Bank [UTB], the State of New Jersey Division of Taxation and the State of New Jersey Department of Labor. 1 Historically, a secured creditor could not obtain a lien on a liquor license; however, Revised Article 9 of the…
2Cases cited10 opinions
- Morales v. Trans World Airlines, Inc.Supreme Court of the United States · 1992
- Boss Co., Inc. v. Bd. of Com'rs of Atlantic CitySupreme Court of New Jersey · 1963
- Butler Oak Tavern v. Division of Alcoholic Beverage ControlSupreme Court of New Jersey · 1956
- 21 West Lancaster Corp. v. Main Line Restaurant, Inc.Court of Appeals for the Third Circuit · 1986
- Sea Girt Restaurant & Tavern Owners Ass'n v. Borough of Sea GirtDistrict Court, D. New Jersey · 1986
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3Cited by2 opinions
- City of Harrisburg v. Kanoff (In Re Kanoff)United States Bankruptcy Court, M.D. Pennsylvania · 2009
- In re Circle 10 Restaurant, LLCUnited States Bankruptcy Court, D. New Jersey · 2014