Regions Equipment Finance Corporation v. M/V ACCU I (Official Number 533962) et al

Filing 80

ORDER granting 74 Order on Motion to Confirm Sale. Signed by Judge Kristi K. DuBose on 3/10/2011. (copy to USM) (cmj)

Download PDF
Regions Equipment Finance Corporation v. M/V ACCU I (Official Number 533962) et al Doc. 80 IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF ALABAMA SOUTHERN DIVISION REGIONS EQUIPMENT FINANCE CORPORATION, Plaintiff, vs. M/V ACCU I (Official No. 533962), AT 1800B (Official No. 530112), AT 3006 (Official No. 1080267), M/V ACCU VIII (Official No. 541599), their engines, tackle, furniture, apparel, appurtenances, etc., in rem Defendants. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) CIVIL ACTION NO. CV-10-0258-KD-M ORDER CONFIRMING SALE OF VESSELS This action is before the Court on the Motion Seeking Confirmation of Sale and Release of Vessels filed by Plaintiff Regions Equipment Finance Corporation ("Regions")(doc. 74). Upon consideration and for the reasons set forth herein, the motion is GRANTED. Pursuant to the order of this Court, the United States Marshal sold the M/V ACCU I (Official Number 533962), the AT 1800B (Official Number 530112), the AT 3006 (Official Number 1080267) and the M/V ACCU VIII (Official Number 541599) (collectively the "Vessels"), at judicial sale on February 23, 2011 (doc. 75). Natures Way Marine, LLC was the purchaser of the M/V ACCU I for the sum of Three Hundred Fifty Thousand and No/100ths Dollars ($350,000.00) which was the highest bid made at the sale. Regions was the purchaser of the AT 1800B for a credit bid in the amount of Fifty Thousand and No/100ths Dollars ($50,000.00) which was the highest bid made at the sale. Ron Waddell Marine Inspections, LLC was the purchaser of the AT 3006 for the sum of One Million Twenty Five Thousand and 1 Dockets.Justia.com No/100ths Dollars ($1,025,000.00) which was the highest bid made at the sale. CC Marine was the purchaser of the M/V Accu VIII for the sum of Four Hundred Thirty Thousand and no/100ths Dollars ($430,000.00) which was the highest bid made at the sale. The Court is satisfied in all respects that the aforesaid sales were regularly and fairly conducted. Further, the United States Marshal has issued a Bill of Sale indicting that the Vessels were "sold free and clear of all encumbrances and liens." (docs. 76-79). Accordingly, it is ORDERED, ADJUDGED and DECREED that the sale of each of the Vessels is hereby confirmed. DONE and ORDERED this 10th day of March, 2011. s/ Kristi K. DuBose KRISTI K. DuBOSE UNITED STATES DISTRICT JUDGE 2

Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia.


Why Is My Information Online?