In Re Allegheny Imaging Institute

MEMORANDUM OPINION

BERNARD MARKOYITZ, Bankruptcy Judge.

Before the Court is Equibank’s Motion For Relief From Stay, which asserts that Equibank possesses a valid security interest in a sum of $14,500.00. Equibank characterizes this sum as a “contract right” belonging to the Debtor, arising out of a contract by and between the Debtor (also referred to as “AH”) and Dr. Samuel L. Armfeld, III; wherein Dr. Armfeld agreed to purchase the assets of the Debtor. The amount of $14,500.00 represents the initial deposit of funds under said contract by Dr. Armfeld.

Equibank asserts that Dr. Armfeld breached…