Universal Guaranty Life Insurance Company v. William N. Coughlin
Court of Appeals for the Seventh Circuit
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
- Avery v. State Farm Mutual Automobile InsuranceIllinois Supreme Court · 2005
- Meyer v. RigdonCourt of Appeals for the Seventh Circuit · 1994
- James W. Adair v. Michael L. Sherman and Sherman & ShermanCourt of Appeals for the Seventh Circuit · 2000
- La Preferida, Inc., an Illinois Corporation v. Cerveceria Modelo, S.A. De C v. a Mexican CorporationCourt of Appeals for the Seventh Circuit · 1990
- Elijah Moore v. Ron Anderson, Superintendent, Indiana State PrisonCourt of Appeals for the Seventh Circuit · 2000
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3Cited by19 opinions
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- Grochocinski v. Spehar Capital, LLC (In Re CMGT, Inc.)United States Bankruptcy Court, N.D. Illinois · 2008
- KnowledgeAZ, Inc. v. JIM WALTERS RESOURCES, INC.District Court, S.D. Indiana · 2008
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