Eastwind Maritime trustee seeks additional 90-day extension of powers

By Kali Hays

New York, Sept. 25 – Eastwind Maritime Inc.’s Chapter 7 trustee, Salvatore LaMonica, is seeking a further three-month extension of his authority in the company’s bankruptcy case through Dec. 31, according to a Thursday motion with the U.S. Bankruptcy Court for the Southern District of New York.

LaMonica’s powers as trustee are set to expire Sept. 30.

According to the motion, the extension is needed “in order to preserve the value of the remaining assets of the estates” and to allow the trustee to “pay certain expenses only to the extent necessary to resolve the outstanding affairs and complete a wind down.”

Eastwind Maritime, a Marshall Islands-based shipping company, filed for bankruptcy on June 24, 2009. Its Chapter 7 case number is 09-14014.

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