Lender’s Release of One Co-Borrower Does Not Release All

A lender’s release of one co-borrower does not necessarily release all. That is the message sent by the Appellate Court of Illinois, First District, in a striking decision filed on May 27, 2015. In The Private Bank and Trust Company v. EMS Investors, LLC, et al., EMS Investors, LLC (“Investors”), Cheryl Bancroft and Herbert C. […]