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IN RE COHEN

No. 06-3396.

507 F.3d 610 (2007)

In re Avie E. COHEN, Debtor. Fischer Investment Capital, Inc., Plaintiff-Appellant, v. Avie E. Cohen, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided November 9, 2007.

Attorney(s) appearing for the Case

Mark Leipold (argued), Gould & Ratner, Chicago, IL, for Appellant.

Lester A. Ottenheimer, III, Marcia G. Cotler (argued), Ottenheimer, Teplinsky, Rosenbloom, Buffalo Grove, IL, for Debtor-Appellee.

Before KANNE, ROVNER and SYKES, Circuit Judges.

ROVNER, Circuit Judge.

In March 2000, Fischer Investment Capital, Inc. ("Fischer") loaned $207,000 to Avie Cohen and his company, The Joblotter 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...

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