In this adversary proceeding, Dan B. Lain, the Trustee of the Senior Living Properties L.L.C. (SLP) Trust, requests that the court declare that ZC Specialty Insurance Company (Zurich) was a partner with SLP in the ownership and operation of nursing homes in Illinois and Texas and that, as a partner, Zurich is liable for all of SLP’s debts. Zurich responds that it merely provided a surety bond for the payment of a substantial portion of SLP’s mortgage and, as a result, merely held a creditor-debtor relationship with SLP.
SENIOR LIVING PROPERTIES, L.L.C.,
by Marks, Balette, Giessel & Young | Aug 22, 2004 | News, Results | 0 comments