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IN RE FLAMINGO 55, INC.

Nos. BK-S-03-19478-BAM, BK-S-03-25222-BAM.

378 B.R. 893 (2007)

In re FLAMINGO 55, INC., Debtor. In re Vegas Townhome Partners, L.P., Debtors.

United States Bankruptcy Court, D. Nevada.

October 17, 2007.

Attorney(s) appearing for the Case

Thomas W. Harris, Jr., Law Office of Thomas W. Harris Jr., Newport Beach, CA, for Consolidated Debtor.

Jeffery D. Patterson, Kelly J. Brinkman, Goold Patterson Ales & Day, Las Vegas, NV, Mark Stern Norwalk, CT, for Petitioning Creditor.

Brian G. Dvorak, Las Vegas, NV, for Alleged Debtor.

Gregory Grantham, San Juan Capistrano, CA, John Saba, Santa Ana, CA, for Consolidated/Alleged Debtor.

Duane H. Gillman, Timothy S. Cory, Timothy S. Cory & Associates, Michael F. Thomson, Durham Jones & Pinegar, Las Vegas, NV, for trustee.

Edward G. Marshall, Las Vegas, NV, for Debtor.

OPINION ON TRUSTEE'S AND EMERALD GATE'S OBJECTION TO SUBROGATION CLAIM

BRUCE A. MARKELL, Bankruptcy Judge.

I. INTRODUCTION

Gregory Grantham and John Saba are two California attorneys who also jointly invest in businesses and real estate. After foreclosure of a California property in which they had an interest, they filed a claim in this bankruptcy.1 That claim asserts...

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