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.
Case 1: If a divorced man has a relationship with an unmarried woman, the man is committing Adultery and the woman is committing Fornication. Case 2: If a divorced man has a relationship with an unmarried, but betrothed (engaged) woman, the man is committing Adultery and the woman is committing Fornication.