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IN RE PBR COMMUNICATIONS SYSTEMS, INC.

Bankruptcy No. 91-33809-RAM. Adv. No. 94-0310-RAM.

172 B.R. 132 (1994)

In re PBR COMMUNICATIONS SYSTEMS, INC., Debtor. PBR COMMUNICATIONS SYSTEMS, INC., Plaintiff, v. JEFFERSON BANK, State Chartered Banking Institution, Defendant.

United States Bankruptcy Court, S.D. Florida.

September 13, 1994.

Attorney(s) appearing for the Case

David M. Hunsaker, Putbrese & Hunsaker, McLean, VA, Robert C. Furr, Boca Raton, FL, for PBR Communications, Inc.

Jeffrey F. Brotman, Ledgewood Law Firm, Philadelphia, PA, for Jefferson Bank.

MEMORANDUM OPINION

ROBERT A. MARK, Bankruptcy Judge.

This adversary proceeding was brought by the Debtor, PBR Communications Systems, Inc. ("Debtor"), to determine the validity of the claim of Jefferson Bank (the "Bank") against the proceeds generated from the sale of the Debtor's assets. The Bank seeks entry of a summary judgment determining that it has a valid and perfected security interest in the sale proceeds including that portion of the proceeds...

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