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MATTER OF OCEAN ELECTRONICS CORP.

No. 77-00406K.

461 F.Supp. 348 (1978)

In the Matter of OCEAN ELECTRONICS CORPORATION, Debtor-in-Possession. UNITED STATES of America, Plaintiff, v. OCEAN ELECTRONICS CORPORATION, Defendant.

United States District Court, S. D. California.

April 10, 1978.

Attorney(s) appearing for the Case

John R. Neece, Asst. U. S. Atty., Michael H. Walsh, U. S. Atty., San Diego, Cal., for plaintiff.

James S. Munak, O'Neill & Munak, San Diego, Cal., for defendant.

MEMORANDUM OF OPINION

GORDON THOMPSON, Jr., District Judge.

This is an appeal from the bankruptcy judge's decision in Case No. 77-00406-K, declaring a security interest claimed by the Small Business Administration in proceeds from the sale of certain equipment owned by the debtor, Ocean Electronics Corporation, invalid and unenforceable against the debtor as debtor-in-possession. The appeal has been timely perfected...

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