In the Matter of Guy E. McGaughey Jr., Debtor-Appellant
Court of Appeals for the Seventh Circuit
1Opinion of the Court
FLAUM, Circuit Judge.
This is an appeal from the district court’s order partially lifting an automatic bankruptcy stay and appointing a receiver to take control of a debtor’s non-exempt assets. We affirm in part and dismiss in part.
I. Background
■ The record indicates that the problems of Guy E. McGaughey, Jr. (“Debtor”) began on Christmas Day 1972 when the IRS assessed him $573,563 for his 1960’s back taxes. Over the next several years Debtor submitted various offers in compromise (known as “656 Forms”), petitioning the IRS to settle for some amount less than the total assessment. The IRS…
2Cases cited14 opinions
- In the Matter of Charles Holtkamp and Holtkamp Farms, Inc., Debtors-Appellants. Charles Holtkamp and Holtkamp Farms, Inc. v. Ronald E. LittlefieldCourt of Appeals for the Seventh Circuit · 1982
- In the Matter of Leslie BOOMGARDEN, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1985
- Consolidated Rail Corporation v. Fore River Railway Co.Court of Appeals for the First Circuit · 1988
- In re Vitreous Steel Products Co.Court of Appeals for the Seventh Circuit · 1990
- Thomas P. Florida v. United States of America, Andrew J. Florida v. United States of AmericaCourt of Appeals for the Eighth Circuit · 1960
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- In re QuadeUnited States Bankruptcy Court, N.D. Illinois · 2012
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