Legal Opinion

In Re Robert E. Derecktor of Rhode Island, Inc.

United States Bankruptcy Court, D. Rhode Island

Decided June 18, 1992No. Bankruptcy 92-10015PublishedCited by 2 opinions

1Opinion of the Court

ORDER

ARTHUR N. VOTOLATO, Jr., Bankruptcy Judge.

Heard on June 1,1992 on the objection of Paramax Systems Corporation, an unsecured creditor, to certain liens on the so-called Army “Tugboat Contract.” The contract had been awarded to the Debtor in 1988 by the Naval Sea Systems Command on behalf of the Department of the Navy. The liens in question are asserted by the Federal Deposit Insurance Corporation as receiver for Bank of New England and New Bank of New England (the FDIC). Paramax is joined in its objection by the Unsecured Creditors’ Committee.

The instant objection involves language in…

2Cases cited5 opinions

  1. John L. King, Trustee in Reorganization of Gilcor Enterprises, Inc., Plaintiff v. Warren E. GilbertCourt of Appeals for the Fifth Circuit · 1978
  2. Lazere Financial Corp. v. Palmetto Pump & Irrigation, Inc. (In Re Palmetto Pump & Irrigation, Inc.)United States Bankruptcy Court, M.D. Florida · 1987
  3. United States v. Certain Space in the PropertyDistrict Court, N.D. New York · 1969
  4. Mayo v. Pioneer Bank & Trust Co.District Court, W.D. Louisiana · 1958
  5. Ambassador Factors, Division Fleet Factors Corp. v. First American Bulk Carrier Corp. (In re Topgallant Lines, Inc.)District Court, D. Georgia · 1991

3Cited by2 opinions

  1. Holmes Environmental, Inc. v. Suntrust Banks, Inc. (In Re Holmes Environmental, Inc.)United States Bankruptcy Court, E.D. Virginia · 2002
  2. In Re Coastal Bus and Equipment Sales, Inc.United States Bankruptcy Court, D. Massachusetts · 2005

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