Investment Capital, Inc. v. Cohen (In Re Cohen)

ROVNER, Circuit Judge.

In March 2000, Fischer Investment Capital, Inc. (“Fischer”) loaned $207,000 to Avie Cohen and his company, The Joblot-ter Inc. (“Joblotter”). The loan was secured by, among other things, Joblotter’s accounts receivable. When Cohen failed to timely repay the debt, Fischer sued and won a default judgment against Cohen in state court. But before Fischer could enforce the judgment, Cohen declared bankruptcy. Fischer filed an adversary complaint in the bankruptcy court alleging that the list of Joblotter’s accounts receivable was false and misleading, that it fraudulently…