In the Matter of Avildsen Tools & MacHine Inc., a Delaware Corporation, Debtor-Appellant. Edward B. Avildsen and Morton Balon v. United States

794 F.2d 1248

58 A.F.T.R.2d 86-5405, 86-2 USTC P 9528,

Bankr. L. Rep. P 71,245

In the Matter of AVILDSEN TOOLS & MACHINE, INC., A Delaware

Corporation, Debtor-Appellant.

Edward B. AVILDSEN and Morton Balon, Plaintiffs-Appellants,

v.

UNITED STATES of America, Defendant-Appellee.

Nos. 84-2739, 85-1049.

United States Court of Appeals,

Seventh Circuit.

Argued Oct. 30, 1985.

Decided July 7, 1986.

David Leibowitz, Schwartz Cooper Kolb & Gaynor, Chicago, Ill., for debtor-appellant.

Wynette J. Hewett, Tax Div., Dept. of Justice, Washington, D.C., for defendant-appellee.

Before COFFEY and RIPPLE, Circuit Judges, and…