Wallach v. Douglas (In re Promedicus Health Group LLP)
Oct
14
2009
Ruling
Registered limited liability partnership was a "corporation" for purposes of determining insolvency.
Procedural posture
Plaintiff bankruptcy trustee filed an action against defendants, former partners in a New York registered limited liability partnership (RLLP) that declared bankruptcy and others, claiming that the RLLP was a "corporation," as that term was defined in 11 U.S.C.S. § 101(9), for purposes of determining if it was insolvent. The trustee filed a motion for summary judgment.
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Court
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