Judge in North Shore bankruptcy approves lending agreement; motion to dismiss next up

LOVELAND — All parties have agreed to a deal to permit majority shareholders to lend money to North Shore Manor in order to shore up operations during bankruptcy proceedings.

In federal bankruptcy court Thursday, North Shore Manor’s attorney Aaron Garber presented amended loan documents that North Shore Manor, North Shore Associates — the owner of the real estate — and Columbine Management Services Inc. all agreed.

Prior to the hearing, parties disagreed over whether the lenders could encumber the real estate as collateral on the proposed $700,000 loan.

Instead, the loan will be considered an allowed administrative expense and be given first priority…