In the Matter of Tampa Bay Associates, Ltd., Debtor. Tampa Bay Associates, Ltd. v. Drw Worthington, Ltd., D/B/A Worthington Park I

E. GRADY JOLLY, Circuit Judge:

In this case we are asked to consider whether the bankruptcy court and district court for the Northern District of Texas erred in disallowing Tampa Bay Associates, Ltd. (“Tampa Bay”) an unsecured deficiency claim against DRW Worthington, Ltd. (“the Debtor”) under Chapter 11 section 1111(b) of the Bankruptcy Code after Tampa Bay, an undersecured, nonrecourse creditor, foreclosed its security interest in the Debtor’s collateral. Finding that the district court properly held that Tampa Bay was not entitled to a recourse unsecured claim against the Debtor, we affirm.

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