In the Matter of CORAL AIR, INC. Debtor.
Tracon International, Inc. and Tracon International Airlines, Inc. Intervenors.
District Court, Virgin Islands, D. St. Croix.https://leagle.com/images/logo.png
May 30, 1984.
May 30, 1984.
Attorney(s) appearing for the Case
George H.T. Dudley, Jr., Charlotte Amalie, St. Thomas, V.I. and Harold M. Cohen, Millburn, N.J., for Coral Air, Inc.
Gerald T. Groner, Christiansted, St. Croix, V.I., for Joseph H. Jaffe, Carol Rae Culliton and Harold M. Cohen, Esq.
Edward Haskins Jacobs, Christiansted, St. Croix, V.I., and Kurt E. Johnson, Glen Rock, N.J., for Tracon Intern., Inc. and Tracon Intern. Airlines, Inc.
Kenneth A. Rosskopf, Christiansted, St. Croix, V.I., for Caribbean Airline Corp.
Warren B. Cole, Christiansted, St. Croix, V.I., for Isherwood, Hunter & Colianni.
Todd Newman, Christiansted, St. Croix, V.I., for Aviation Associates and Coastal Air Transport.
Scott Silverlight, Jr., Christiansted, St. Croix, V.I., for Windward Passage Hotel.
Douglas Capdeville, Asst. U.S. Atty., Christiansted, St. Croix, V.I., for U.S. Internal Revenue Service.
Nan L. Blumenfeld, Charlotte Amalie, St. Thomas, V.I., for Sparky's, Inc.
Patricia M. Fitch, c/o V.I. Port Authority, Christiansted, St. Croix, V.I., for V.I. Port Authority.
Derek M. Hodge, Christiansted, St. Croix, V.I., for Romney Associates Ground Services, British Virgin Islands.
John F. James, Christiansted, St. Croix, V.I., for North American Airlines and Intern. Airlines.
District Court, Virgin Islands, D. St. Croix.
MEMORANDUM OPINION
DAVID V. O'BRIEN, District Judge.
Several creditors of Coral Air, Inc. ("Coral Air"), who were included in a plan of reorganization approved by the Bankruptcy Court, filed motions under 11 U.S.C. § 1112(b)(7) and (8) to convert this matter from a reorganization under 11 U.S.C. Chapter 11 ("the Bankruptcy Act") to a liquidation under Chapter 7 of the same act. They assert failure of Coral Air and others to meet the terms and conditions...
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