In Re Image Worldwide, Ltd., Debtor. David P. Leibowitz, Chapter 7 Trustee v. Parkway Bank & Trust Co.

U.S. Court of Appeals, Seventh Circuit · Decided 1998-04-16

Cited by 132 later decision(s) in our corpus · see the citation network in Lexace

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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 ins…

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