Liberty Mut. Ins. Co. v. Johnson Shipyards Corporation

(after stating the facts as above). The only question which this ease raises is whether the United States, in an equity receivership suit, is entitled to priority of payment over the unsecured claims of general creditors, for its claim to income and excess profits taxes. In the court below the' right of the United States to such priority, under the circumstances stated, was sustained. The appellants, in bringing the case into this court, contend that the claim of the United States for taxes is merely a general claim against the estate, and that the United States is entitled only to share pro…