In re Intercoastal Contr. Inc.

Ruling: 
Claim secured by overencumbered property that did not generate value to the estate disallowed on debtor's objection.
Issue: 
Whether a county's tax claim, which was the result of a pre-petition assessment upon chapter 11 debtor's equipment, should be disallowed under 11 U.S.C.S. § 502(b)(3).
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Commercial case opionion summary, case decided on June 04,2015, LexisNexis #1015-113