By Steven L. Walker, Esq. (San Jose, CA) Subchapter V of the newly amended Bankruptcy Code is silent on the question as to whether the debtor-in-possession, or the court appointed trustee, must file the entity’s income tax returns on Form 1065, Form 1120, or Form 1120S. Although the IRS also has not issued any formal guidance, answers can be found...
No Easy Answers for the Supreme Court: Jevic Pits the Bankruptcy Code Against the Law of Unintended Consequences
Print This Article
Link to Post:
By Lawrence R. Ahern, III, Brown & Ahern (Nashville, Tennessee)
On December 7, the Supreme Court heard arguments in Czyzewski v. Jevic Holding Co., 787 F.3d 173 (3d Cir. 2016), cert. granted, 136 S. Ct. 2541 (2016). At issue was whether a bankruptcy court may authorize, in a "structured dismissal," the distribution of settlement proceeds in a manner that violates the statutory priority scheme. The Bankruptcy Court for the District of Delaware approved a settlement that resulted in the structured dismissal of a Chapter 11 case. The district court and Court of Appeals for the Third . . .
It looks like you are not signed in or registered! This content is only available to members.
Or Sign In Below:
Related Articles
Who Files the Tax Returns Under SBRA
Employment Law Alphabet Soup
Measuring Success in Chapter 13: Five Years Later
New Payment Option Available to Taxpayers in Private Debt Collection Program
Negotiating Plan Confirmation with Secured Creditors – Issues Involving Balloon Payments and Other Mortgage Loans Subject to Modification Under § 1322(c) – Part 2 of 3
From the Editor
In re Fulton: Seventh Circuit Affirms Its Position with Majority of Circuits on Passive Retention of Property as Violation of Sections 362 and 542
Critical Case Comment – Hell Hath No Fury, Until It Meets the S.D. of PA
Critical Case Comment – Discharged Junior in 7 Survives in 13
Conflicting Interpretations: A Chapter 13 Trustee’s Compensation After Pre-Confirmation Dismissal or Conversion*Part 1 of 3