Legal Opinion

Universal Guaranty Life Insurance Company v. William N. Coughlin

Court of Appeals for the Seventh Circuit

Decided March 14, 2007No. 06-1805PublishedCited by 19 opinions

1Opinion of the Court

FLAUM, Circuit Judge.

Health Management Limited Partnership (“Health Management”) owned a hospital in Springfield, Illinois when it filed for bankruptcy on April 2, 2003. At the time, Health Management owed debts to Marine Bank and National City Bank. This case concerns a March 7, 2003 loan from Marine Bank to Health Management that Dr. William Coughlin secured with $250,000 of his own cash. Coughlin claims that the loan was secured by both his cash and Marine Bank’s first priority interest in Health Management’s accounts receivable. The bankruptcy court disagreed and held, after a bench…

2Cases cited11 opinions

  1. Avery v. State Farm Mutual Automobile InsuranceIllinois Supreme Court · 2005
  2. Meyer v. RigdonCourt of Appeals for the Seventh Circuit · 1994
  3. James W. Adair v. Michael L. Sherman and Sherman & ShermanCourt of Appeals for the Seventh Circuit · 2000
  4. La Preferida, Inc., an Illinois Corporation v. Cerveceria Modelo, S.A. De C v. a Mexican CorporationCourt of Appeals for the Seventh Circuit · 1990
  5. Elijah Moore v. Ron Anderson, Superintendent, Indiana State PrisonCourt of Appeals for the Seventh Circuit · 2000

6 more not listed; retrieve them via the Exa API.

3Cited by19 opinions

  1. In Re South Beach Securities, Inc.United States Bankruptcy Court, N.D. Illinois · 2007
  2. Jose J. Loera, Jr. v. United StatesCourt of Appeals for the Seventh Circuit · 2013
  3. Doctors Hospital of Hyde Park, Inc. v. Desnick (In Re Doctors Hospital of Hyde Park, Inc.)United States Bankruptcy Court, N.D. Illinois · 2007
  4. Grochocinski v. Spehar Capital, LLC (In Re CMGT, Inc.)United States Bankruptcy Court, N.D. Illinois · 2008
  5. KnowledgeAZ, Inc. v. JIM WALTERS RESOURCES, INC.District Court, S.D. Indiana · 2008

14 more not listed; retrieve them via the Exa API.

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