By Lisa Marchesoni - Oct. 12, 2007 - 11:04 AM

Sale of the late Robert McLean’s corporate office will bring about $60,000 in equity, not a significant amount of money for his creditors, the U.S. bankruptcy trustee said Friday.

McLean was accused of spending about $28 million of the $49 million people invested with him during the past five years. Of that money, McLean paid $21 million in interest.

When he became insolvent, creditors filed involuntary bankruptcy against him. They are seeking to regain their investment funds.

Trustee Robert Waldschmidt said the office sale of $120,000 with equity of $60,000 is about what was expected for the suite on South Church Street.

“That asset is not the major asset in the case and is not a major element whether there will be any distribution of credits,” Waldschmidt said. “In the overall scheme of things, it’s not extraordinarily high.”

New owner Jimmy Patrick of Triple Diamond Properties could not be reached for comment Friday morning.

McLean’s personal property from his home at Charleston Court will be auctioned beginning at 9 a.m. Oct. 20 at the Tennessee National Guard Armory on Old Fort Parkway behind the YMCA.

His personal property includes a framed Robert E. Lee lithograph, Earl Scruggs Mastertone banjo and signed handbill, MTSU helmet, grandfather clock, banjos, guitars, a Steinway piano, Baldwin grand piano, upright piano, 2003 Lincoln limousine, 1998 Jeep Wrangler, a 1980 MGB sports car and $2,500 worth of unopened liquor.

A list of his assets to be sold are listed on The Murfreesboro Post under “Bob McLean coverage” on the home page.

Creditors have until December to file claims with the federal Bankruptcy Court.