In re National Safe Center Inc.
In re National Safe Center Inc.
Opinion of the Court
ORDER
The United States has moved this court to determine that certain property of the debtor now in the custody of the United States Customs Service may be sold, under the authority of 19 U.S.C. § 1491, at auction, forthwith as scheduled. This court has denied the Motion.
Section 1491 does not vest title in the United States Customs Service of prop
The debtor in the instant ease insists that the property consists of a safe and specialized bank safe accessories and spare parts and that the value is far in excess of that which might result from an auction of the nature of that conducted by the Customs Service.
Inasmuch as the bankrupt estate has an interest in the property of the debtor now in the custody of the United States Customs Service, the sale thereof by the Customs Service under § 1491 is ORDERED STOPPED, forthwith.
The disposition of the property in question will be determined in due course upon the filing of proper motions by concerned parties.
Reference
- Full Case Name
- In re NATIONAL SAFE CENTER INC. dba Commercial Security Products, and dba Safe Center Hawaii, Debtor
- Status
- Published