Eastwind Maritime trustee seeks approval to distribute $1.68 million

By Caroline Salls

Pittsburgh, July 27 – Eastwind Maritime Inc.’s Chapter 7 trustee requested court approval to make an additional $1.68 million interim distribution to general unsecured creditors, according to a motion filed July 27 with the U.S. Bankruptcy Court for the Southern District of New York.

The trustee made an initial $2.8 million interim distribution to unsecured creditors in January 2015. In September 2015, the trustee made a second interim distribution of $2.24 million.

As of July 19, the estate held $4.8 million in funds, the motion said.

A hearing is scheduled for Aug. 24.

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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