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IN RE RUDY'S INC.

Bankruptcy No. 81-03477, Adv. No. 81-1083.

23 B.R. 1 (1981)

In re RUDY'S INC (formerly known as Robert J. Blume, Inc.), a Michigan corporation, d/b/a Bullmarket and Welcomer Inn, Debtor. Alexander G. ANDREWS, Esq. Trustee, Rudy's Inc., Plaintiff, v. CITY OF ROCHESTER, et al., Defendants.

United States Bankruptcy Court, E.D. Michigan, S.D.

September 30, 1981.

Attorney(s) appearing for the Case

David K. Foust, Asst. Atty. Gen. for State of Mich., Detroit, Mich., for State of Mich.

Stanley Bernstein, Detroit, Mich., for Bank of the Commonwealth.

MEMORANDUM OPINION AND ORDER

HARVEY D. WALKER, Bankruptcy Judge.

In this adversary proceeding the Court is asked to decide whether or not a creditor can obtain a valid security interest in a debtor's liquor license and inventory of alcoholic liquor.

On October 10, 1978, the Bank of the Commonwealth took a security interest in a liquor license and liquor inventory held by the Debtor, Rudy's Incorporated. The Bank perfected its security interest in...

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