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IN RE IMAGE WORLDWIDE, LTD.

No. 97-2540.

139 F.3d 574 (1998)

In re IMAGE WORLDWIDE, LTD., Debtor. David P. LEIBOWITZ, Chapter 7 Trustee, Plaintiff-Appellee, v. PARKWAY BANK & TRUST CO., Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided March 19, 1998.

Rehearing and Suggestion for Rehearing Denied April 16, 1998.

Attorney(s) appearing for the Case

Leon C. Wexler (argued), Chicago, IL, for Defendant-Appellant.

David P. Leibowitz, Daniel S. Follis (argued), Freeborn & Peters, Chicago, IL, for Plaintiff-Appellee.

Edward A. Berman, Chicago, IL, for Debtor.

Before ESCHBACH, FLAUM and EVANS, Circuit Judges.

Rehearing and Suggestion for Rehearing En Banc Denied April 16, 1998.

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...

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