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IN RE THEROUX

Bankruptcy No. 93-13016.

169 B.R. 498 (1994)

In re Harold R. THEROUX and Joan W. Theroux, Debtors.

United States Bankruptcy Court, D. Rhode Island.

July 12, 1994.

Attorney(s) appearing for the Case

Sheldon R. Scoliard, Providence, RI, for debtors.

Arnold L. Blasbalg, Chapter 7 Trustee, Providence, RI.

Marcia McGair Ippolito, Chief Legal Officer (Taxation), Providence, RI, for R. Gary Clark, Tax Adm'r, Rhode Island Div. of Taxation.

Paul Foster, Providence, RI, for Rhode Island Liquor Control Adm'r.

Gerard M. DeCelles, Providence, RI, for Pub Dennis of Cumberland, Inc.

Thomas E. Hefner, Town Solicitor, Town of Cumberland, Greenville, RI.

Michelle Ruberto Fonseca, Hinckley, Allen, Snyder & Comen, Providence, RI, for Mendon Realty Associates.

DECISION AND ORDER

ARTHUR N. VOTOLATO, Bankruptcy Judge.

Heard on April 26, 1994, on the Trustee's Notice of Intended Sale of a liquor license to a secured creditor,1 Mendon Realty Associates ("MRA"). The sale, as proposed, would convey title to the license to MRA, free and clear of liens, for $3,000. MRA will then be able to sell the license at its market value ($20,000 to $30,000) and to retain all of the proceeds. The...

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