Legal Opinion
In Re Donald Taffi Madelaine Taffi, Debtors. Donald Taffi Madelaine Taffi v. United States
Court of Appeals for the Ninth Circuit
Decided September 17, 1996No. 94-55011, 94-55019PublishedCited by 51 opinions
1Opinion of the Court
NOONAN, Circuit Judge:
Donald and Madelaine Taffi appeal the judgment of the district court as to the value to be placed on a residence retained by them as debtors in a proceeding under Chapter 11 of the Bankruptcy Code. At issue is the proper construction in this context of 11 U.S.C. § 506(a). The district court valued the residence at its fair market value. We affirm the judgment of the district court, except that we reduce the amount of the government’s tax lien to its allowed secured claim.
FACTS
The Taffis owe the Internal Revenue Service (the IRS) $496,940 for tax liability that arose in…
2Cases cited5 opinions
- In Re Winthrop Old Farm Nurseries, Inc., Debtor. Winthrop Old Farm Nurseries, Inc. v. New Bedford Institution for SavingsCourt of Appeals for the First Circuit · 1995
- In Re George H. Mitchell Carol J. Mitchell, Debtors. General Motors Acceptance Corporation v. George H. Mitchell Carol J. MitchellCourt of Appeals for the Ninth Circuit · 1992
- In Re Donald Allen Trimble, Debtor. Metrobank, Creditor/appellant v. Donald Allen Trimble, Debtor/appelleeCourt of Appeals for the Eighth Circuit · 1995
- In the Matter of Elray and Jean Rash, Debtor. Associates Commercial Corporation v. Elray Rash and Jean E. RashCourt of Appeals for the Fifth Circuit · 1996
- Bankr. L. Rep. P 76,017 in Re Gloria A. McClurkin Debtor. Huntington National Bank v. Frank Pees, TrusteeCourt of Appeals for the Sixth Circuit · 1994
3Cited by51 opinions
- Associates Commercial Corp. v. RashSupreme Court of the United States · 1997
- First Federal Bank of California v. Weinstein (In Re Weinstein)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1998
- United States v. William Bernard HardyCourt of Appeals for the Ninth Circuit · 2002
- In the Matter of Zandal Hoskins and Debra A. Hoskins, Debtors-Appellees. Appeal of Nbd Bank, N.ACourt of Appeals for the Seventh Circuit · 1996
- Crain v. PSB Lending Corp. (In Re Crain)United States Bankruptcy Court, C.D. California · 1999
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