IN RE GALLEGOS

Bankruptcy No. 7-81-00615 MA, Adv. No. 83-0583 M.

68 B.R. 584 (1986)

In re Raymond Alex GALLEGOS, d/b/a El Escondido Lounge, Debtor. Bill J. SHOLER, Trustee, Plaintiff, v. BANK OF ALBUQUERQUE, City of Albuquerque, John Barbieri, County of Bernalillo, Iris Clear, Thomas J. Clear, Jr., Thomas J. Clear, P.A., Employment Security Commission, First National Bank of Albuquerque, Lillian Gallegos, Hertz Corporation, Joe G. Maloof, Pete Montoya, New Mexico Beverage, State of New Mexico, Pucci Distributing, Quality Import Company, R G, Inc., Richard Distributing, Servomation, Southwest Distributors, State Distributors, the United States of America, United Wholesale Liquor Company, Inc., Joe and Marie Baca Trust, Defendants.

United States Bankruptcy Court, D. New Mexico.

December 10, 1986.


Attorney(s) appearing for the Case

Thomas J. Clear, Jr., Albuquerque, N.M., for debtor and for Iris Clear.

Bill J. Sholer, Albuquerque, N.M., for plaintiff.

Jo Saxton Brayer, Albuquerque, N.M., for NM Beverage.

Mary Ann Green, Albuquerque, N.M., for Baca Trust.

O.R. Adams, Jr., Albuquerque, N.M., for State Distributing, Quality, Maloof & Pucci.


MEMORANDUM OPINION

MARK B. McFEELEY, Bankruptcy Judge.

This matter came before the Court on September 25, 1986, and November 10, 1986, for oral arguments concerning the priority of liens held by the liquor distributors vis-a-vis the secured creditors. At the hearing, the Court ruled that the claims of New Mexico Beverage Company based on the 1976 and 1977 liquor sales are not barred by the statute of limitations.

Two issues remain for the Court's...

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