In Re Image Worldwide, Ltd., Debtor. David P. Leibowitz, Chapter 7 Trustee v. Parkway Bank & Trust Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that while the debtor received an indirect benefit from guaranteeing an affiliate’s loan under the parties’ loan agreement, no reasonably equivalent value was received because in paying off the affiliate’s loan, the debtor bankrupted itself
• explaining that cases applying the no-value requirement of § 548 can be used to evaluate the same question under the Act
• stating that goodwill and “increased ability to borrow working capital” were examples of concrete indirect benefits
• explaining that cases applying the no-value requirement of § 548 can be used to evaluate the same question under the Act
• “Whether a transfer is made for a reasonably equivalent value is, in every case, largely a question of fact.”
• “Whether ‘reasonably equivalent value’ was received in a transaction is a question of fact.”

Source: CourtListener parenthetical corpus (CC0).