In re Dalcon, Inc.

MEMORANDUM

JAMES N. GABRIEL, Chief Judge.

INTRODUCTION

The issue before the Court is whether Bobby Dee Enterprises, Inc. and Duggan’s Liquor Store, Inc. (collectively, “Bobby Dee”) have a perfected security interest in a liquor license that is an asset of the Debtor’s estate. Bobby Dee filed a motion for relief from stay seeking permission from this Court to exercise its state law rights of foreclosure with respect to the liquor license. The Debtor filed an objection to the motion, claiming that the security interest claimed by Bobby Dee was not properly perfected under state law. If the Debtor…