PMF Enterprises, Inc. v. SouthCrest Bank (In re PMF Enterprises, Inc.)

MEMORANDUM OPINION

JAMES P. SMITH, Bankruptcy Judge.

PMF Enterprises, Inc. (“PMF”) and KPB Enterprises, LLC (“KPB”) were related entities operating a convenience store in Perry, Georgia. This matter arises from the objection by PMF to the *353claim of SouthCrest Bank, as successor in interest to Century Security Bank (“South-Crest”). As will be explained below, SouthCrest had no privity of contract with PMF, and the debtor with whom it did have privity, KPB, essentially had no assets. Accordingly, at the conclusion of the September 10, 2013, hearing1 on the claim objection, the Court deferred its…