In Re Levy-Mellon Marine

OPINION

RODNEY BERNARD, Jr., Bankruptcy Judge.

This matter comes before the court on motion of the United States on behalf of the Maritime Administration of the Department of Transportation [MARAD]. MAR-AD seeks a determination that it has a security interest in the accounts receivable generated by several of the debtor’s vessels. MARAD bases its claim on a preferred fleet mortgage which it holds on those vessels. The parties stipulate that if such a security interest does exist, the debtor will be obliged to provide MARAD with adequate protection. Upon the agreement of the parties, no hearing…