Legal Opinion
United States v. Noland
Supreme Court of the United States
Decided May 20, 1996No. 95-323PublishedCited by 272 opinions
1Opinion of the CourtJustice Souter
The issue in this case is' the scope of a bankruptcy court’s power of equitable subordination under 11 U. S. C. § 510(c). Here, in the absence of any finding of inequitable conduct on the part of the Government, the Bankruptcy Court subordinated the Government’s claim for a postpetition, noncom-pensatory tax penalty, which would normally receive first priority in bankruptcy as an “administrative expense,” §§ 503(b)(1)(C), 507(a)(1). We hold that the bankruptcy court may not equitably subordinate claims on a categorical basis in derogation of Congress’s scheme of priorities.
In April 1986,…
2Cases cited17 opinions
- Pepper v. LittonSupreme Court of the United States · 1939
- Hecht Co. v. BowlesSupreme Court of the United States · 1944
- Midlantic National Bank v. New Jersey Department of Environmental ProtectionSupreme Court of the United States · 1986
- In the Matter of Mobile Steel Company, Debtor. Elaine E. Benjamin v. Lester Y. Diamond, as Trustee in Bankruptcy for Mobile Steel, Inc.Court of Appeals for the Fifth Circuit · 1977
- Taylor v. Standard Gas & Electric Co.Supreme Court of the United States · 1939
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3Cited by272 opinions
- Hartford Underwriters Insurance v. Union Planters Bank, N. A.Supreme Court of the United States · 2000
- Law v. SiegelSupreme Court of the United States · 2014
- Raleigh v. Illinois Department of RevenueSupreme Court of the United States · 2000
- United States v. Reorganized CF&I Fabricators of Utah, Inc.Supreme Court of the United States · 1996
- Eastern Minerals & Chemicals Co. Cary W. Ahl, Sr. v. Gary H. MahanCourt of Appeals for the Third Circuit · 2000
267 more not listed; retrieve them via the Exa API.