In the Matter of William R. Turpin. William R. Turpin v. Amos M. Wente, Trustee

Appellant William R. Turpin filed a voluntary petition in bankruptcy on December 16, 1976. On April 6, 1977, Appellee, the trustee in bankruptcy, filed a complaint against Turpin and City National Bank of Austin in the bankruptcy court. The complaint asserted that the bankruptcy trustee was entitled to certain funds held for the credit of Turpin by the bank as trustee of the Austin Neurosurgical Association Profit Sharing Plan Trust and the Austin Neuro-surgical Association Money Purchase Pension Plan Trust.

These two trusts had been created by Turpin’s employer, the Austin Neurosurgical…