Nickels Midway Pier, LLC v. Wild Waves, LLC (In Re Nickels Midway Pier, LLC)

OPINION

IRENAS, Senior District Judge.

This matter comes before the Court on the appeal of Debtor Nickels Midway Pier, LLC (“Nickels”) and John, Steven and Angelo Nickels (“the Nickels Brothers”) 1 from the Bankruptcy Court’s order of October 8, 2010 estimating the claim of Wild Waves, LLC (“Wild Waves”). 2 For the reasons that follow, the Court will affirm in part and remand in part.

I

Both Nickels (the debtor) and Wild Waves proposed plans of reorganization. 3 An estimation of Wild Waves claim, pursuant to 11 U.S.C. § 502(c)(1) 4 , was neces sary to determine the feasibility of Nickels’ plan. 5…