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IN RE GIBSON

Bankruptcy No. 85-08266.

67 B.R. 957 (1986)

In re Thomas R. GIBSON d/b/a The Miller Motel Company, Debtor.

United States Bankruptcy Court, E.D. Michigan, Southern Division — Flint.

December 17, 1986.

Attorney(s) appearing for the Case

Sander H. Simen, Flint, Mich., for debtor.

Kittredge R. Klapp, Flint, Mich., for NBD Mortgage Company.

MEMORANDUM OPINION DENYING MOTION OF NBD MORTGAGE COMPANY TO STRIKE ASSETS FROM SCHEDULES

ARTHUR J. SPECTOR, Bankruptcy Judge.

The question is this: may a limited partnership be dissolved and terminated and the business continued by the lone remaining partner, by individually settling with the limited partners and not by liquidating the assets of the partnership? The facts of this case are not in dispute.

On April 1, 1972, a limited partnership...

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