Levitt, Creditors Swipe At $102M BofA Claim

Law360, New York (February 10, 2009, 12:00 AM EST) -- With the hearing for defunct real estate developer Levitt and Sons LLC’s liquidation plan just 10 days away, the debtors and the unsecured creditors have objected to Bank of America NA’s $102 million claim on the estate.

The omnibus objection, filed Monday in the U.S. Bankruptcy Court for the Southern District of Florida, argues that Bank of America’s claim inaccurately reflects the value of liens the bank holds on the debtors’ abandoned properties and should be denied in its entirety.

Bank of America’s second amended claims,...
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