In re Ecoventure Wiggins Pass Ltd.

Ruling: 
Claims of would-be purchasers of interests in debtor's unfinished condominium complex disallowed to extent secured by real property.
Procedural posture: 
Debtors filed petitions under chapter 11 of the Bankruptcy Code, and claimants who purchased condominium units or related property from the debtors filed claims against the debtors' bankruptcy estates. One of the debtors asked the court to disallow the claims to the extent they were asserted as claims secured by an interest in real property, or alternatively, to estimate the claims at zero, pursuant to 11 U.S.C.S. § 502(c).
Issue: 
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Commercial case opionion summary, case decided on September 18,2009, LexisNexis #1209-042