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Date of Issue: January 16, 2008

GSR objects to undocumented claims

Bankrupt GSR Development LLC has filed a number of objections to unsecured claims with the federal bankruptcy court in Tampa, including those of Islanders Mel and Carol Yudofsky and the city of Bradenton Beach.

Attorney Susan Sharp, representing GSR, also objected to the claims of west Bradenton residents Fred and Phyllis Fechner and Bruce and Carole Douglas.

The total amount of unsecured claims by the four parties is estimated at $1 million.

Sharp also contested a number of unsecured claims submitted by companies that are creditors of GSR, including America’s Servicing Inc., Atkins Engineering and Valentine’s Classic Tile & Marble.

U.S. Bankruptcy Court Judge K. Rodney May has yet to set a date to hear Sharp’s motions.