Milbank v. Tomlin Properties (In re Tomlin)

FINDINGS OF FACT AND CONCLUSIONS OF LAW

HAROLD C. ABRAMSON, Bankruptcy Judge.

This adversary proceeding was brought by Robert Milbank, Jr., the Chapter 7 Trustee of the Debtor’s bankruptcy estate to: i) object to the Proofs of Claim filed by Tomlin Properties; ii) determine whether Debtor’s capital account in Tomlin Properties, a Texas general partnership (“TP”) is burdened with a negative balance as a result of a series of inaccurate accounting methods with respect to transfers of property and partnership assets and, iii) determine whether the Trustee is entitled to turnover of $35,431.88 in…