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MATTER OF RIMSAT, LTD.

Nos. 95-3916, 96-1212 and 96-1505.

98 F.3d 956 (1996)

In the Matter of: RIMSAT, LTD., Debtor. Paul E. UNDERWOOD, Trustee, Plaintiff-Appellee, v. Carl B. HILLIARD, Jr., Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided October 17, 1996.

Rehearing and Suggestion for Rehearing Denied November 21, 1996.

Attorney(s) appearing for the Case

Robert M. Beckman (argued), Bode & Beckman, Washington, DC, Jack E. Roebel, Roebel & Associates, Fort Wayne, IN, for Carl B. Hilliard, Jr. in Nos. 95-3916, 96-1212.

Mark A. Warsco (argued), James T. Young, Warsco, Brogan & Strunk, Fort Wayne, IN, for Paul E. Underwood.

Alexander L. Edgar, United State Department of Justice, Ellen Triebold, Office of the United States Trustee, South Bend, IN, for Trustee.

Robert M. Beckman (argued), Bode & Beckman, David M. Kirstein, Beckman & Kirstein, Washington, DC, Jack E. Roebel, Roebel & Associates, Fort Wayne, IN, for Carl B. Hilliard, Jr., in No. 96-1505.

Before POSNER, Chief Judge, and FLAUM and EASTERBROOK, Circuit Judges.

Rehearing and Suggestion for Rehearing En Banc Denied November 21, 1996.

POSNER, Chief Judge.

Paul Underwood, trustee in bankruptcy of Rimsat, Ltd., brought an adversary proceeding in bankruptcy against Carl Hilliard, who appeals from three orders entered in that proceeding. Rimsat had been formed in 1992 to provide satellite communications (using Russian equipment) to Tonga and other islands in the South Pacific. Most of its investors are Malaysian. It was...

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