United States v. Kare Kemical, Inc. (In re Kare Kemical, Inc.)

MEMORANDUM ORDER AFFIRMING BANKRUPTCY COURT

ATKINS, Senior District Judge.

THIS CAUSE is before the Court on the United States’ appeal from the Bankruptcy Court’s Order directing the Internal Revenue Service to accept the designation by the Debtor on payment of taxes in accordance with the Debtor’s plan. The issue on appeal is whether the Bankruptcy Court erred in ordering the Internal Revenue Service to accept the designation by the debtor to allocate a payment made pursuant to its liquidating Chapter 11 plan first to satisfy the principal portion of the taxes owing by the debtor and,…