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.
Divorce is always a difficult situation regardless of the cause, and adultery in divorce can make the situation even more painful for all involved. As far as the courts are concerned, adultery can be used to decide fault in a fault-based divorce case but it cannot be considered when determining alimony or child custody.