Legal Opinion
In re Sapphire Steamship
District Court, S.D. New York
Decided March 9, 1984No. Reorganization No. 67 B 252PublishedCited by 1 opinion
1Opinion of the Court
BURTON R. LIFLAND, Bankruptcy Judge.
In this multiyear, dormant, bankruptcy liquidation case where assets have swollen *156due to accumulating interest punctuated only by a partial dividend distribution, the tax gatherer seeks the imposition of penalties for nonpayment of estimated taxes by an otherwise dutiful taxpayer-trustee. The tax gatherer seeks total enjoyment from the trustee’s economic discomfiture: a) as a receiver of a 100% recovery for prepetition obligations of the bankrupt; and b) as a current collecting participant in the ongoing accumulation of interest income of the estate on a…
2Cases cited22 opinions
- Gould v. GouldSupreme Court of the United States · 1917
- D. Ginsberg & Sons, Inc. v. PopkinSupreme Court of the United States · 1932
- United States v. ChaseSupreme Court of the United States · 1890
- Reinecke v. GardnerSupreme Court of the United States · 1928
- Palmer v. Webster and Atlas Nat. Bank of BostonSupreme Court of the United States · 1941
17 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- In Re Sapphire Steamship Lines, Inc., Debtor. Internal Revenue Service v. Trustee, Sapphire Steamship Lines, Inc.Court of Appeals for the Second Circuit · 1985