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IN RE UNDERWATER COMPLETION TEAM, INC.

Bankruptcy No. 482-00793-LO, Adv. No. 483-0002.

34 B.R. 206 (1983)

In re UNDERWATER COMPLETION TEAM, INC., Debtor in Possession. KONGSBERG NORTH AMERICA, INC., Plaintiff, v. UNDERWATER COMPLETION TEAM, INC., Defendant.

United States Bankruptcy Court, W.D. Louisiana.

October 7, 1983.

Attorney(s) appearing for the Case

Wesley W. Steen, Steen, Rubin, Curry, Colvin & Joseph, Baton Rouge, La., for plaintiff.

Oscar W. Boswell II, Reggie, Harrington & Boswell, Crowley, La., for Louisiana Bank & Trust Co.

William C. Sandoz, Lafayette, La., for debtor in possession.

OPINION

RODNEY BERNARD, Jr., Bankruptcy Judge.

This matter is before the court pursuant to a motion filed by Kongsberg North America, Inc. to determine its secured status. A hearing on the motion was held on June 1, 1983.

On the 1st day of November, 1982, the debtor, Underwater Completion Team, Inc. filed for reorganization under Chapter 11 of the Bankruptcy Code. The debtor was continued in possession and management of its business immediately thereafter...

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