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Supreme Court Decides that Pre-Confirmation Transfer Tax Exemptions are No Longer on the Menu in Piccadilly Cafeterias


by Lorenzo Marinuzzi View Biography
Morrison & Foerster LLP View Firm Credentials
New York Office

Jordan Wishnew
Morrison & Foerster LLP View Firm Credentials
San Francisco Office

July 22, 2008

Previously published on July 2008

On June 16, 2008, the United States Supreme Court (the "Court") held that section 1146(a) of Title 11, 11 U.S.C. § 101 et seq. (the "Bankruptcy Code") only affords a stamp-tax exemption to transfers made pursuant to a confirmed Chapter 11 plan of reorganization, thereby resolving a conflict among several federal circuit courts.


 

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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