Wallach v. Douglas (In re Promedicus Health Group LLP)

Pre 2005-Act: 
Pre 2005-Act
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.
Issue: 
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Commercial case opionion summary, case decided on October 14,2009, LexisNexis #0110-131