Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Eastwind Maritime Inc. > News item |
Eastwind Maritime trustee gets extension of authority amid wind-down
By Kali Hays
New York, June 26 – Eastwind Maritime Inc.'s chapter 7 trustee, Salvatore LaMonica, received an additional extension of his authority in the company’s case through Sept. 30, according to a Thursday order with the U.S. Bankruptcy Court for the Southern District of New York.
As previously reported, LaMonica’s powers as trustee were set to expire on June 30.
According to the motion, the extension is necessary “in order to preserve the value of the remaining assets of the estates” so the trustee can “continue to pay certain expenses to complete such wind-down of the debtors’ operations” and “settle remaining insurance claims in an efficient manner.”
Eastwind Maritime, a Marshall Islands-based shipping company, filed for bankruptcy on June 24, 2009. Its Chapter 7 case number is 09-14014.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.