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IN RE MARGULIS

No. 04-13395(SMB).

323 B.R. 130 (2005)

In re Howard L. MARGULIS, Debtor.

United States Bankruptcy Court, S.D. New York.

April 12, 2005.

Attorney(s) appearing for the Case

Leo Fox, Esq., New York, NY, for Debtor.

Wolff & Samson PC, Timothy R. Wheeler, Esq., Of Counsel, West Orange, NJ, for International Fidelity Insurance Company.

OPINION OVERRULING OBJECTION TO CLAIM FILED BY INTERNATIONAL FIDELITY INSURANCE COMPANY

STUART M. BERNSTEIN, Chief Judge.

The International Fidelity Insurance Company (the "Claimant") filed Claim no. 10 in the sum of $791,113.81, plus costs, accrued interest and attorneys' fees (the "Claim"). The debtor objected to the claim relying on a pre-petition agreement that gave the debtor the option — which he did not exercise — to pay a...

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