• The Senior Living Properties Opinion, Should Lenders be Worried?
  • June 15, 2004 | Author: William L. Medford
  • Law Firm: Greenberg Traurig, LLP - Dallas Office
  • On April 22, 2004, the Honorable Stephen A. Felsenthal, Chief Bankruptcy Judge in the Northern District of Texas, issued his Memorandum Opinion and Order in an adversary proceeding styled Dan B. Lain, Trustee of Senior Living Properties, L.L.C., Trust, Plaintiff and Counter-Defendant v. ZC Specialty Insurance Company, Defendant and Counter-Plaintiff, Adv.P.No. 03-3262 (the "Senior Living Opinion"). The Senior Living Opinion quickly became the topic of conversation in the bankruptcy and lending community, yet its precedential value is widely misunderstood.