Brown v. Real Estate Resource Management, LLC (In Re Polo Builders Inc.)

FINDINGS OF FACT AND CONCLUSIONS OF LAW

JACK B. SCHMETTERER, Bankruptcy Judge.

In June, 2004, Polo Builders, Inc. and its affiliated debtors filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code. On August 16, 2004, those cases were converted to proceedings under Chapter 7 of the Bankruptcy Code, and the Plaintiff-Trustee (“Trustee” or “Plaintiff’) was appointed by the United States Trustee to administer the Debtors’ bankruptcy estates. The Trustee subsequently filed this Adversary Complaint against Real Estate Resource Management, LLC (“RERM”) and its “Members” (as…