Live Game Multi table decision

[primate]

Not sure where to post this so I'll put it up here.

Local Casino multitable tournament. Rebuys for first 2 hours $25 and an add on. 60 players down to 3 tables, pays final table.

Blinds are 300/600 and I have just over 4000 chips left I'm UTG+1. UTG has been making loose calls all game and been hitting trips and making straights on the flop. I think he'd raised once or twice with marginal holdings also.
Crucial decision to make on the next hand.

UTG raises the pot.

I look at my cards and see K [img]/images/graemlins/spade.gif[/img] Q [img]/images/graemlins/spade.gif[/img]

My thoughts are I'm a shortie its time to push and hope. So I go all in.

It's folded round to BB who calls.

flop comes Q [img]/images/graemlins/heart.gif[/img] 7 [img]/images/graemlins/club.gif[/img] 4 [img]/images/graemlins/spade.gif[/img]

BB raises all in, UTG thinks about it and folds

cards are turned over and BB show pair 7 [img]/images/graemlins/frown.gif[/img]
UTG says he folded AK

Was this a position to push or should I have folded my KQ suited?