United States Bankruptcy Court, E.D. Virginia May 25, 1982, 19-50264 (Virginia National Bank v. Phoenix Marine Corp. (In Re Phoenix Marine Corp.))

HAL J. BONNEY, Jr., Bankruptcy Judge.

Prior to the filing of its petition with this Court, the debtor was involved in a suit styled Phoenix Marine Corporation v. Bank of Virginia filed in the Circuit Court for the City of Portsmouth, Virginia [the Bank of Virginia suit].