Wisconsin Barge Line, Inc. v. Slay Warehousing Co. (In Re Wisconsin Barge Line, Inc.)

MEMORANDUM OPINION

DAVID P. McDONALD, Bankruptcy Judge.

INTRODUCTION

The subject matter of this proceeding is the Debtor barge line’s Complaint against its former fleeter for turnover of rigging and other equipment which had been used in fleeting Debtor’s barges. For the reasons set forth below, the Court will this date enter an order granting judgment for Debtor.

PROCEDURAL HISTORY

On January 13, 1986, Wisconsin Barge Line, Inc. (“WBL”) filed its voluntary Chapter 11 petition. Since that date WBL has operated its maritime business as debt- or in possession. At the time of its bankruptcy, WBL and…