Altius Individual Health Insurance
Lock Realty Corp. v. U.S. Health LP, which was the backdrop of my December 14, 2006 article, continues to be a lawyer’s dream in terms of complexity and challenges. The case also continues to be educational for creditors that need to protect their rights in deals gone bad. The lawsuit, which is pending in the Northern District of Indiana under case number 3:06-cv-487, involves six different law firms, as well as the U.S. Attorney’s Office, and nine parties. The February 27, 2007 opinion from Judge Robert L. Miller, Jr., 2007 U.S. Dist. LEXIS 14578, addresses a priority dispute over accounts receivable, specifically Medicare receivables.
The parties. In this piece of the case, secured creditors National City Bank (“Nat City”) and Health Care Services (“HCS”) battled judgment creditor Lock Realty. The secured creditors sought an order directing AdminiStar Federal, the entity responsible for
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