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Legal Opinion

Matter of Vancor Steamship Corp.

United States Bankruptcy Court, S.D. New York

Decided January 16, 1981No. 19-10750Published

1Opinion of the Court

MEMORANDUM AND ORDER

JOHN J. GALGAY, Bankruptcy Judge.

Daniel J. Devenay, as trustee in bankruptcy of Vancor Steamship Corp. (Vancor) moves for authorization to distribute the net proceeds of the March 9, 1978 sale of the T.E. Vantage Horizon (Horizon) to certain maritime lienors. The only obstacle to the trustee’s plan is a claim of Newport News Shipbuilding and Dry Dock Company, Inc. (Newport News) of a maritime lien of $240,839.55 against this fund. The trustee moves to expunge this claim and Newport News objects on several grounds.

For the reasons more fully stated below, after review of the…

2Cases cited9 opinions

  1. Piedmont & Georges Creek Coal Co. v. Seaboard Fisheries Co.Supreme Court of the United States · 1920
  2. Vandewater v. MillsSupreme Court of the United States · 1857
  3. In The Matter Of The Bohack CorporationCourt of Appeals for the Second Circuit · 1979
  4. Crustacean Transportation Corporation as Owner of the M/v Crustacea v. Atalanta Trading CorporationCourt of Appeals for the Fifth Circuit · 1967
  5. Fathom Expeditions, Inc. v. M/T GAVRIONDistrict Court, M.D. Florida · 1975

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