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On March 8, 2010, Judge A. Benjamin Goldgar of the United States Bankruptcy Court in Chicago confirmed a creditors' election of Jeff Marwil as chapter 11 trustee in the consolidated cases of Life Fund, 5.1 LLC; Life Fund, 5.2, LLC; Houston Tanglewood Partners, LLC; A&O Resource Management, LP.; A&O Life Fund, LLC; A&O Bonded Life Assets, LLC; and A&O Bonded Life Settlement, LLC, overruling the objections of the U.S. Trustee's Office and of the original chapter 11 trustee, Patrick Collins, who was appointed by the U.S. Trustee's Office at the beginning of the bankruptcy case.  The cases involve over 722 investors in bonded, life settlement contracts who appear to have been defrauded in their investment.  The bankruptcy estates, however, include sizeable interests in life insurance policies.  Most of the investors live in Texas.  The election of Mr. Marwil was invoked and won by a Group of Investors represented by Houston counsel Deborah J. Fritsche and Lori Hood with the Johnson, Trent, West & Taylor law firm, and local, Chicago counsel Brian M. Graham of SmithAmundsen.  Jeff Marwil is an attorney with Proskauer, Rose in Chicago.   

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