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IN RE FBN FOOD SERVICES, INC.

No. 95 C 366.

185 B.R. 265 (1995)

In re FBN FOOD SERVICES, INC., Debtor. James E. CARMEL, Trustee, Plaintiff, v. RIVER BANK AMERICA, a New York Banking Corporation, et al., Defendants.

United States District Court, N.D. Illinois, Eastern Division.

July 17, 1995.

Attorney(s) appearing for the Case

Louis W. Levit, Ross & Hardies, P.C., Chicago, IL, for River Bank America.

John K. Kneafsey, Nisen & Elliott, Chicago, IL, for James E. Carmel.

MEMORANDUM OPINION AND ORDER

ASPEN, Chief Judge:

The bankruptcy court below found that appellant River Bank America ("River Bank") had received a fraudulent conveyance of $1.4 million from the debtor FBN Food Services, Inc. ("FBN"). The court avoided the $1.4 million transfer and granted Trustee James Carmel's ("Trustee") request to recover the funds, plus prejudgment and post-judgment interest. River Bank appeals that decision, arguing (1) that the...

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