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IN RE CLAREMONT TOWERS CO.

Bankruptcy No. 91-33122.

175 B.R. 157 (1994)

In re CLAREMONT TOWERS COMPANY, Debtor.

United States Bankruptcy Court, D. New Jersey.

December 15, 1994.

Attorney(s) appearing for the Case

Jack M. Zackin, Sills Cummis Zuckerman Radin Tischman Epstein & Gross, P.A., Newark, NJ, for ICC Lincoln Ltd. Partnership.

Patricia S. Gardner, Wilentz, Goldman & Spitzer, Woodbridge, NJ, for debtor.

Beth Zindler, Ravin, Sarasohn, Cook, Baumgarten, Fische & Baime, Roseland, NJ, for Creditor's Committee.

Bruce Wisotsky, Ravin, Greenberg & Marks, Roseland, NJ, for Official Committee of Ltd. Partners.

OPINION

WILLIAM H. GINDIN, Chief Judge.

INTRODUCTION

The debtor brought this motion to estimate secured creditor ICC Lincoln Limited Partnership's ("ICC") claim at zero, to vacate ICC's 1111(b) election and to vacate and strike ICC's plan objection and voting ballot. ICC crossmoved seeking authorization to withdraw its 1111(b) election so that ICC may cast a ballot on its unsecured deficiency claim. This Court has jurisdiction pursuant...

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