McNamara v. Kienholz (In re Stubenhofer)

MEMORANDUM AND ORDER ADJUDICATING DEBTORS’ EXEMPTION RIGHTS IN PENNSYLVANIA LIQUOR LICENSE AND VALIDITY OF ALLEGED SECURITY INTEREST THEREAGAINST

WILLIAM B. WASHABAUGH, Jr., Bankruptcy Judge:

The debtors ask us to determine their rights of exemption in the proceeds of sale of a Pennsylvania Liquor License and the validity of security interests thereagainst by virtue of papers filed in the offices of the Secretary of the Commonwealth of Pennsylvania and the Prothonotary of Erie County, Pennsylvania in favor of the defendants, Charles A. Kienholz and Paul Pe-linsky and wife.

The Commonwealth Court…