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Supreme Court Rules Chapter 11 Debtor Cannot Avoid Transfer Taxes on 363 Sale |
July 15, 2008
Previously published on June 18, 2008
On June 16, 2008, the United States Supreme Court ruled that a debtor in a Chapter 11 case may not avoid transfer taxes associated with a sale of assets made prior to the bankruptcy court's approval of a Chapter 11 plan of reorganization or liquidation.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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