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MATTER OF TOPGALLANT LINES, INC.

Bankruptcy No. 89-41996, Adversary No. 90-4072.

208 B.R. 584 (1996)

In the Matter of TOPGALLANT LINES, INC., Debtor. AMBASSADOR FACTORS, Division Fleet Factors Corporation, Plaintiff, v. FIRST AMERICAN BULK CARRIER CORPORATION, et. al., Defendants.

United States Bankruptcy Court, S.D. Georgia, Savannah Division.

August 30, 1996.

Attorney(s) appearing for the Case

John M. Tatum, Savannah, GA, for plaintiff.

Kathleen Horne, Savannah, GA, for defendants.

LAMAR W. DAVIS, Jr., Bankruptcy Judge.

ORDER ON MOTIONS TO AMEND PRE-TRIAL

First American Bulk Carrier Corporation ("FABC") has asked this Court to reconsider and amend the Pre-Trial Order filed on August 12, 1996, to recognize its standing to pursue a Section 506(c) claim against Ambassador Factors' collateral consisting of freights of the final voyage of the M/V Delaware Bay. That Motion is denied. Although FABC correctly argues that the majority...

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