Legal Opinion
LTV Corp. v. Internal Revenue Service (In Re Chateaugay Corp.)
District Court, S.D. New York
Decided October 19, 1992No. 92 Civ. 3394 (KC), 92 Civ. 3395 (KC)PublishedCited by 6 opinions
1Opinion of the Court
OPINION AND ORDER
CONBOY, District Judge:
The Internal Revenue Service (“IRS”) has asserted excise tax claims under 26 U.S.C. § 4971 against the LTV Corporation (“LTV”) for three separate years, 1984, 1985, and 1986. LTV seeks to expunge the tax claims as invalid under the automatic stay of the Bankruptcy Code (11 U.S.C. § 362(a)(5)). In the alternative, LTV seeks to subordinate the § 4971 excise tax claims to the claims of general unsecured creditors. The IRS maintains that the excise tax claims are valid and should neither be expunged nor subordinated. For the reasons set forth below, the…
2Cases cited4 opinions
- In Re Ionosphere Clubs, Inc.Court of Appeals for the Second Circuit · 1990
- In Re Parr Meadows Racing Association, Inc.Court of Appeals for the Second Circuit · 1989
- United Steelworkers v. Pension Benefit Guaranty Corp. (In Re Wheeling-Pittsburgh Steel Corp.)District Court, W.D. Pennsylvania · 1989
- D.J. Lee, M.D., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1991
3Cited by6 opinions
- Aetna Casualty & Surety Co. v. LTV Steel Co. (In re Chateaugay Corp.)Court of Appeals for the Second Circuit · 1996
- In Re Garfinckels, Inc.District Court, District of Columbia · 1996
- In Re Chateaugay CorporationCourt of Appeals for the Second Circuit · 1996
- In Re CF & I Fabricators of Utah, Inc.United States Bankruptcy Court, D. Utah · 1992
- LTV Corp. v. Internal Revenue Service (In re Chateaugay Corp.)District Court, S.D. New York · 1993
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