In Re Newfound Lake Marina, Inc.

MEMORANDUM OPINION

MARK W. VAUGHN, Chief Judge.

Before the Court is the determination of the amount of Sumac Corporation’s (“Sumac”) allowed claim. Newfound Lake Marina, Inc., and Newfound Marine, Inc. (individually, “Newfound Lake Marina” and “Newfound Marine,” and collectively, the “Debtors”), objected to Sumac’s proof of claim. The essence of the dispute involves a forbearance agreement (the “Agreement”) entered into by the parties, who disagree on how much debt was reduced thereby. The allowed amount of Sumac’s claim substantially depends on the outcome of this issue. The Court took the…