Legal Opinion
In re World Wide Inns, Inc.
United States Bankruptcy Court, N.D. Oklahoma
Decided March 2, 1989No. Bankruptcy No. 87-00421-CPublished
1Opinion of the Court
OPINION
STEPHEN J. COVEY, Bankruptcy Judge.
On February 28, 1989, a hearing was held upon the confirmation of the Plan of Reorganization (“Plan”) submitted by World Wide Inns, Inc. (“World Wide Inns”). Essentially the Plan provides for a liquidation with the payment in full of all claims due the Internal Revenue Service (“IRS”) out of the proceeds of the sale of the Debtor’s property. The IRS objected to the confirmation of the Plan on the grounds that it provided that payments made under the Plan to the IRS would be applied first to the Debtor’s trust fund liabilities. This Court confirmed the…
2Cases cited5 opinions
- Amos v. Comm'rUnited States Tax Court · 1966
- In the Matter of Ribs-R-Us, Inc., a Corporation of the State of New Jersey. Appeal of United States of AmericaCourt of Appeals for the Third Circuit · 1987
- In the Matter of a & B Heating & Air Conditioning, Debtor. United States of America v. A & B Heating & Air Conditioning, Inc.Court of Appeals for the Eleventh Circuit · 1987
- In Re Ducharmes & Company, Debtor. Ducharmes & Company, Inc. v. State of Michigan, United States of AmericaCourt of Appeals for the Sixth Circuit · 1988
- In Re Professional Technical Services, Inc.United States Bankruptcy Court, E.D. Missouri · 1987