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IN RE 4.98 WESTGATE PARTNERS, LLC

Case No. 11-05768-8-JRL.

IN RE: 4.98 WESTGATE PARTNERS, LLC, Chapter 11, Debtor.

United States Bankruptcy Court, E.D. North Carolina, Raleigh Division.

November 21, 2012.

ORDER

J. RICH LEONARD, Bankruptcy Judge.

This matter came before the court on the debtor's objection to Bank of Ozarks' ("Ozarks") proof of claim. A hearing was held on November 6, 2012, in Raleigh, North Carolina.

BACKGROUND

The debtor is a single asset entity engaged in the business of developing real property in Brunswick County, North Carolina. On July 10, 2007, the debtor purchased a 4.98-acre tract of real property...

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