Leo v. Powell (In Re Powell)

MEMORANDUM OPINION

JAMES SCOTT SLEDGE, Bankruptcy Judge.

This Adversary Proceeding comes before the Court on the Motion for Summary Judgment (the “Motion”) filed by Defendants Clayton J. Powell, Shirley L. Powell, Donald M. Powell, William B. Powell and The Clayton J. Powell and Shirley L. Powell Irrevocable Grandchildren’s Trust (collectively “Defendants”). This Adversary Proceeding was brought by Trustee Rocco J. Leo (the “Trustee”) seeking authorization for the sale and division of the Powell Family Limited Partnership (the “Partnership”), of which Defendants are general and limited partners…