Legal Opinion
In Re New 118th, Inc.
United States Bankruptcy Court, S.D. New York
Decided January 9, 2009No. 19-22460PublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM DECISION REGARDING THE § 1146(a) TAX EXEMPTION
STUART M. BERNSTEIN, Chief Judge.
Section 1146(a) of the Bankruptcy Code grants certain tax exemptions to transfers “under a plan confirmed under section 1129 of this title.” The question presented in this contested matter is whether the exemption applies to a pre-confirmation sale that closes after confirmation and is necessary to the consummation of the plan. Answering the question in the affirmative, the Court overrules the objection filed by the New York City Department of Finance (the “City”) to the chapter 11 trustee’s plan.
BACKGROU…
2Cases cited11 opinions
- Florida Department of Revenue v. Piccadilly Cafeterias, Inc.Supreme Court of the United States · 2008
- Gualandi v. AdamsCourt of Appeals for the Second Circuit · 2004
- In Re JACOBY-BENDER, INC., Debtor. CITY OF NEW YORK, Appellant, v. JACOBY-BENDER, INC., AppelleeCourt of Appeals for the Second Circuit · 1985
- In Re Economy Cab & Tool Co., Inc.United States Bankruptcy Court, D. Minnesota · 1984
- In Re 234-6 West 22nd St. Corp.United States Bankruptcy Court, S.D. New York · 1997
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3Cited by3 opinions
- Blissful Dairy, LLCUnited States Bankruptcy Court, D. Vermont · 2024
- In re: Jeans.comUnited States Bankruptcy Court, D. Puerto Rico · 2013
- Upper Hanover Township v. T.H. Properties, LP (In re T.H. Properties, LP)United States Bankruptcy Court, E.D. Pennsylvania · 2013