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