IN RE ACME SEC., INC.

No. 12-57103-PWB.

484 B.R. 475 (2012)

In re ACME SECURITY, INC., Debtor. Acme Security, Inc., Movant/Objector, v. CLN Properties, LLC, Claimant.

United States Bankruptcy Court, N.D. Georgia, Atlanta Division.

December 11, 2012.


Attorney(s) appearing for the Case

Edward F. Danowitz, Jr. , Karen L. Kropp , Danowitz & Associates, P.C., Atlanta, GA, for Debtor.

David S. Weidenbaum , Office of the U.S. Trustee, Atlanta, GA.


FINDINGS OF FACT AND CONCLUSIONS OF LAW

PAUL W. BONAPFEL, Bankruptcy Judge.

I. Introduction

This contested matter involves questions of successor liability under Georgia law when one corporation acquires the assets of another corporation, both controlled by the same principal, through exercise of its rights as a secured creditor under the Uniform Commercial Code. The Court concludes that successor liability does not apply in the circumstances here...

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