Legal Opinion
In Re Image Worldwide, Ltd., Debtor. David P. Leibowitz, Chapter 7 Trustee v. Parkway Bank & Trust Co.
Court of Appeals for the Seventh Circuit
Decided April 16, 1998No. 97-2540PublishedCited by 128 opinions
1Opinion of the Court
ESCHBACH, Circuit Judge.
Image Worldwide, Ltd. guaranteed loans paid to an affiliate corporation, Image Marketing, Ltd. Both corporations were owned by the same person, but only Image Marketing received funds from the loan. The Image Worldwide’s bankruptcy trustee filed suit to avoid the guarantees as a fraudulent transfer, alleging that the guarantees made Image Worldwide insolvent, and that Image Worldwide did not receive reasonably equivalent value in exchange for its guarantees. The bankruptcy and district courts found in favor of the trustee. This bankruptcy appeal presents the issue of…
2Cases cited18 opinions
- Mellon Bank, N.A. v. Metro Communications, Inc.Court of Appeals for the Third Circuit · 1991
- In the Matter of Xonics Photochemical, Inc., Debtor. Appeal of Mitsui and Company (u.s.a.), IncCourt of Appeals for the Seventh Circuit · 1988
- Rubin v. Manufacturers Hanover Trust Co.Court of Appeals for the Second Circuit · 1981
- In the Matter of Donald Eugene Bundles, Debtor-Appellant. In Re Donald Eugene Bundles v. William J. Baker, Indiana National Bank and James C. WellsCourt of Appeals for the Seventh Circuit · 1988
- In the Matter of Joseph J. Birkenstock and Generose M. Birkenstock, Debtors-AppellantsCourt of Appeals for the Seventh Circuit · 1996
13 more not listed; retrieve them via the Exa API.
3Cited by128 opinions
- Hinsley v. Boudloche (In Re Hinsley)Court of Appeals for the Fifth Circuit · 2000
- Boyer v. Crown Stock Distribution, Inc.Court of Appeals for the Seventh Circuit · 2009
- Daniel Hoseman, Trustee v. Sidney WeinschneiderCourt of Appeals for the Seventh Circuit · 2003
- Doly v. Chang (In Re Joy Recovery Technology Corp.)United States Bankruptcy Court, N.D. Illinois · 2002
- Official Committee of Unsecured, Creditors v. JP Morgan Chase Bank, N.A. (In Re M. Fabrikant & Sons, Inc.)United States Bankruptcy Court, S.D. New York · 2008
123 more not listed; retrieve them via the Exa API.