Creditco Financial Services, Inc. v. Calvert

STEAGALL, Justice.

Larry Calvert, doing business as Calvert Construction Company, sued Creditco Financial Services, Inc. (hereinafter “Creditco”), and Plantation Resorts of America, Inc., seeking a judgment declaring the rights of the parties to certain real property. Calvert also asked the trial court to dissolve Plantation Resorts and to direct Plantation Resorts (or any receiver named by the court for Plantation Resorts) to liquidate its assets and to exercise its right under an agreement with Creditco to require Creditco to subordinate its mortgage on the real property to the mortgage held…