O'Neill v. Boden-Wert Real Estate USA Fonds I, Ltd.
O'Neill v. Boden-Wert Real Estate USA Fonds I, Ltd.
Opinion of the Court
We affirm the final judgment against appellants in this suit upon a mortgage note. One of the appellants, Boden-Wert IV, is a general partner of Royal Palm Square Associates, a general partnership which is in a chapter 11 reorganization. The other is Patrick J. O’Neill, a general partner of Boden-Wert IV.
Contrary to appellants’ contention, the automatic stay of proceedings against the chapter 11 partnership under 11 U.S.C. § 1101 et seq. did not apply to appellants. See Bank Center Ltd. v. Papariella, 15 B.R. 64 (Bankr.W.D.Pa. 1981); In re Aboussie Bros. Construction Co., 8 B.R. 302 (Bankr.E.D.Mo. 1981). Liability of a general partner exists independently of partnership liability. See §§ 620.09(1) and 620.63, Fla.Stat. (1985). See also In re Alton, 81 B.R. 97, 99 (Bankr.M.D.Fla. 1987); 8 Fla.Jur.2d Business Relationships §§ 513, 659 (1978). Appellants apparently
We do not find merit in appellants’ additional contentions.
Affirmed.
Reference
- Full Case Name
- Patrick J. O'NEILL and Boden-Wert Real Estate USA Fonds IV, LTD., a Florida limited partnership v. BODEN-WERT REAL ESTATE USA FONDS I, LTD., a Florida limited partnership
- Cited By
- 1 case
- Status
- Published