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In re Palmas del Mar Country Club Inc.

In re Palmas del Mar Country Club Inc.

Ruling
Claims for return of club membership "deposits" that were not treated as security of held in trust were not entitled to priority status.
Procedural posture

This case was before the court on debtor's objection to the priority status of Proofs of Claim filed by five claimants. The claimants filed oppositions to the objection.

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Commercial opinion summary, case decided on December 29, 2010 , LexisNexis #0211-076