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MATTER OF PORTO RICO IRON WORKS, INC.

Civ. No. 84-0469 (JAF).

71 B.R. 90 (1987)

In the Matter of PORTO RICO IRON WORKS, INC., Debtor. The CHASE MANHATTAN BANK, N.A., Banco Popular de Puerto Rico, Scotiabank of Puerto Rico, Banco de San Juan, Appellants, v. The UNITED STATES of America (ECONOMIC DEVELOPMENT ADMINISTRATION), Appellee.

United States District Court, D. Puerto Rico.

February 24, 1987.

Attorney(s) appearing for the Case

Leopoldo J. Cabassa Saurí, Fiddler, Gonzalez & Rodriguez, San Juan, P.R., for appellants.

Asst. U.S. Atty. Francisco A. Besosa, Daniel Lopez-Romo, U.S. Atty., San Juan, P.R., for appellee.

OPINION AND ORDER

FUSTE, District Judge.

We have before us a final appealable order from the bankruptcy court dated December 8, 1983. The narrow issue presented for review is whether an earlier mortgage over real property destined and used for industrial purposes encumbers all the movable property there located, with preference over a subsequent chattel mortgage executed over the mentioned movable property. The now superseded Puerto Rico Mortgage Law of...

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