United States Bankruptcy Court, S.D. New York.https://leagle.com/images/logo.png
July 29, 1987.
July 29, 1987.
Attorney(s) appearing for the Case
Milbank, Tweed, Hadley & McCloy by Alan W. Kornberg, Stephen Shimshak, Robert Drain, New York City, for debtors-in-possession.
Weil, Gotshal & Manges by Corinne Ball, Jacqueline Taubes, New York City, McCutchen, Black, Verleger & Shea by Sheldon A. Gebb, Los Angeles, Cal., for Prudential Ins. Co. of America.
White & Case by Allan L. Gropper, New York City, for the Official Unsecured Creditors Committee.
Gilmartin, Poster & Shafto by Robert L. Poster, William K. Sheehy, New York City, Special Admiralty Counsel for debtors-in-possession.
Latham & Watkins by Robert J. Rosenberg, Freehill, Hogan & Mahar by Nathan Bayer, New York City, for General Elec. Credit Corp.
United States Bankruptcy Court, S.D. New York.
HOWARD C. BUSCHMAN, III, Bankruptcy Judge.
Before us is a motion by Prudential Insurance Company of America ("Prudential"), a creditor, for relief from the automatic stay, imposed by Section 362 of title 11 of the United States Code (the "Bankruptcy Code"), which would permit Prudential to foreclose on certain vessels that are the subject of alleged first preferred ship mortgages in favor of Prudential and require the Debtor...
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