Read the following excerpt from a US court opinion:
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and creditors. Although the bankruptcy court seemed to agree with Judge Crabb that federal courts have jurisdiction to assess the validity of a lien asserted against the debtor’s estate in light of federal law, in its view she applied “the wrong federal law.” Id. According to the Ridgely court, had Judge Crabb followed cases holding that broadcasting licenses qualify as property of the estate within the meaning of section 541(a) of the Bankruptcy Code, see id. at 377-78, she would have ackn F.2d 769 (2d Cir.1992)). Second, the fact that a license of this sort may constitute property of the estate within the meaning of the Bankruptcy Code does not necessarily mean that a creditor may hold a security interest in the license. See In re Smith, 94 B.R. 220, 221-22 (Bankr.M.D.Ga.1988) . Whatever the practical benefits might be to
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What is the most suitable continuation to the opinion? Your options are:
A. holding that a trustees interest in letter of credit proceeds acting as a security deposit is property of the estate
B. holding that the debtors interest in a broadcasting license constitutes property of the estate
C. holding that a professionals license is a protected property interest
D. recognizing that distributees interest to estate property is subject to divestment until estate is closed
E. holding that a broadcasting license was property of the estate but not subject to a security interest
Reply with [A, B, C, D, E] only.