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IN RE IFC CREDIT CORP.

Bankruptcy No. 09 B 27094. Adversary No. 09 A 1230.

431 B.R. 802 (2010)

In re IFC CREDIT CORPORATION, Debtor. David Leibowitz, the Interim Chapter 7 Trustee of the Estate of IFC Credit Corporation, Plaintiff, v. First Chicago Bank and Trust, Defendant. First Chicago Bank and Trust, an Illinois chartered bank, Counter-Plaintiff, v. Lowis & Gellen LLP, an Illinois limited liability partnership, and Robert D. Leavitt, Counter-Defendants.

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

June 24, 2010.

Attorney(s) appearing for the Case

Allen J. Guon, Ira Bodenstein, Terence G. Banich, Shaw Gussis Fishman Glantz Wolfson & Towbin LLC, Marylynne K. Schwartz, Shaw Gussis, Chicago, IL, for Plaintiff.

John P. Sieger, Paige E. Barr, William J. Dorsey, Katten Muchin Rosenman LLP, Chicago, IL, for Defendant/Counter-Plaintiff.

Corey S. Berman, Law Office of C. Corey S. Berman, Ltd., Chicago, IL, for Counter-Defendants.

ORDER ON MOTION TO DISMISS THIRD PARTY COMPLAINT

(Docket No. 32)

JACQUELINE P. COX, Bankruptcy Judge.

In this matter the Debtor IFC's Chapter 7 Trustee, David Leibowitz, ("Trustee") has sued creditor First Chicago Bank and Trust ("FCBT") in this adversary proceeding asking the court to avoid pursuant to 11 U.S.C. § 544 FCBT's purported security interest in the Debtor's leases and loan contracts financed...

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