ILX owes Textron $29 million in loans. If the plan is approved, ILX will sell the majority of its assets to Diamond Resorts Corporation. The parties expect to file with the bankruptcy court the joint plan of reorganization containing the details of the proposed transaction in the near future.
In the ecclesiastical courts, adultery was any act of sexual intercourse by a married person with someone not his or her spouse. The act was considered wrongful regardless of whether the other person was married. At Common Law, adultery was wrongful intercourse between a married woman and any man other than her husband.
Adultery is the act of sexual intercourse between a married man and someone other than his wife, or sexual intercourse between a married woman and someone other than her husband. Adultery violates the bond of the marriage union.