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IN RE BANNER YACHTS, INC.

Bankruptcy No. 90-0126, Related Case: 89-02070.

144 B.R. 985 (1992)

In re BANNER YACHTS, INC., Debtor. John J. HUNTER, Trustee, Plaintiff, v. LEASE SEA, INC., et al., Defendants.

United States Bankruptcy Court, N.D. Ohio, W.D.

August 6, 1992.

Attorney(s) appearing for the Case

John J. Hunter, Trustee, Toledo, Ohio.

David Wicklund, Toledo, Ohio, for defendant.

Elizabeth A. Vaughan, Trustee of Lease Sea, Inc., Toledo, Ohio.

Raymond L. Beebe, Toledo, Ohio, for Lease Sea, Inc.

Vaughn A. Hoblet, Toledo, Ohio.

MEMORANDUM OPINION AND ORDER

RICHARD L. SPEER, Bankruptcy Judge.

This cause comes before the Court upon both Plaintiff's and Defendant's Motions for Summary Judgment. Plaintiff seeks an order granting permission to sell a yacht bearing identification number KYS52159C888 free and clear of liens. Conversely, Defendant seeks an order declaring the Bankruptcy Estate to have no interest in said yacht. The Court has reviewed the written arguments of counsel and...

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