United States Bankruptcy Court, S.D. New York January 16, 1981, 19-10750 (Matter of Vancor Steamship Corp.)

MEMORANDUM AND ORDER

JOHN J. GALGAY, Bankruptcy Judge.

Daniel J. Devenay, as trustee in bankruptcy of Vancor Steamship Corp. (Vancor) moves for authorization to distribute the net proceeds of the March 9, 1978 sale of the T.E. Vantage Horizon (Horizon) to certain maritime lienors. The only obstacle to the trustee’s plan is a claim of Newport News Shipbuilding and Dry Dock Company, Inc.