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IN RE SEA QUEEN KONTARATOS LINES, LTD.

Bankruptcy No. 180-00269, C180-0135.

10 B.R. 609 (1981)

In re SEA QUEEN KONTARATOS LINES, LTD., Debtor.

United States Bankruptcy Court, D. Maine.

April 9, 1981.

Attorney(s) appearing for the Case

Richard E. Poulos, Portland, Me., for debtor.

Thomas M. Brown, Eaton, Peabody, Bradford & Beague, Bangor, Me., for CIT Corp.

MEMORANDUM DECISION

CONRAD K. CYR, Bankruptcy Judge.

CIT Corporation [CIT] requests the appointment of a chapter 11 trustee to replace present management, predicating its motion on the grounds that the debtor in possession contravened Local Rule 2007(b)(3)1 and disregarded sound business practices by dispatching the Sea Queen IV, a charter vessel leased by the debtor subject to a CIT first preferred ship mortgage, to Florida...

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