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IN RE SOUTH PORTLAND SHIPYARD AND MARINE RAILWAYS

Civ. No. 83-0240 P.

32 B.R. 1012 (1983)

In re SOUTH PORTLAND SHIPYARD AND MARINE RAILWAYS CORP., and Railway Marine Corporation, Debtors.

United States District Court, D. Maine.

September 14, 1983.

Attorney(s) appearing for the Case

Robert Checkoway, Preti, Flaherty & Beliveau, Portland, Me., for debtors.

George Marcus, Portland, Me., for NETS.

Daniel Amory, Portland, Me., for Peter Drivas.

P. Benjamin Zuckerman, Verrill & Dana, Portland, Me., for Maine State Bar Assoc.

Gerald F. Petruccelli, Esq., Portland, Me., for Northern Nat'l Bank.

Gregory A. Tselikis, Bernstein, Shur, Sawyer & Nelson, Portland, Me., for the Creditor's Committee.

Peter Greenleaf, Asst. U.S. Trustee, Portland, Me., for U.S. Trustee.

OPINION & ORDER

CARTER, District Judge.

In November, 1982, both debtors in this proceeding filed petitions under Chapter 11 of Title 11 of the United States Code. On January 21, 1983, Near East Technological Services, Inc. (NETS) filed a proof of equity interest in each case, claiming to own 100% of the equity interest of each debtor corporation. Shortly thereafter, NETS filed a request for allowance of its proofs of equity interest under 11 U.S.C.A...

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