  UNITED STATES BANKRUPTCY COURT  MIDDLE DISTRICT OF FLORIDA  TAMPA DIVISION  www.flmb.uscourts.gov   In re:  Case No. 8:12-bk-05200-MGW Chapter 7  Charles Wesley Maddox and Vicki Lynn Maddox,   Debtors.  ___________________________________/   FINDINGS OF FACT AND CONCLUSIONS OF LAW    Coastal Land Development Group, a dissolved real estate development  company, recently recovered roughly $170,000 in net settlement proceeds from a BP  Oil Spill claim. The Chapter 7 Trustee of the Debtors’ bankruptcy estate claims Wes  Maddox—one of the co-Debtors in this case—is entitled to 75% of the net settlement  proceeds because the company’s tax returns show he owns 75% of the company. But  five investors (referred to as the “Interested Parties”) claim they are entitled to 67.4%  of the net settlement proceeds because they invested 67.4% of the cash raised by  Coastal. The Court must now determine how to allocate the net settlement proceeds  between the bankruptcy estate and the Interested Parties.  ORDERED.  Dated: January 12, 2022  Case 8:12-bk-05200-MGW Doc 251 Filed 01/12/22 Page 1 of 20

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