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IN RE MAXON ENGINEERING SERVICES, INC.

No. 04-04781(MWV).

332 B.R. 495 (2005)

In re MAXON ENGINEERING SERVICES, INC., Debtor. United States Fidelity & Guaranty Company, Movant, v. Maxon Engineering Services, Inc., Respondent.

United States Bankruptcy Court, D. Puerto Rico.

May 5, 2005.

Attorney(s) appearing for the Case

Charles P. Gilmore, Esq., Patrick D. O'Neill, Esq., O'Neill & Gilmore, PSC, for the Movant.

Carmen C. Conde, Esq., C. Conde & Assoc., for the Debtor.

Brain K. Tester, Esq., Fiddler, Gonzalez & Rodriguez, PSC, Hato Rey, PR, for Party in Interest Banco Bilbao Vizcaya Argentaria Puerto Rico.

MEMORANDUM OPINION

MARK W. VAUGHN, Chief Judge.

The Court has before it a motion for adequate protection filed by creditor United States Fidelity & Guaranty Company (the "Movant"), in which the Movant seeks adequate protection of its interest in the contract receivables on projects bonded by the Movant. The Movant seeks an order granting adequate protection by requiring the Debtor to segregate the bonded contract proceeds on a project by project...

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