Legal Opinion
In re Cadillac Recreation, Inc.
District Court, C.D. Illinois
Decided January 25, 1993No. Bankruptcy No. 87-82186PublishedCited by 1 opinion
1Opinion of the Court
OPINION
WILLIAM V. ALTENBERGER, Bankruptcy Judge.
This matter comes before the Court on the motion of the Debtor, CADILLAC RECREATION, INC., for a determination that the INTERNAL REVENUE SERVICE is bound by the confirmed plan and that it may not collect a 100% penalty under Section 66721 of the Internal Revenue Code from Warren Nichols, the President and major stockholder of the Debtor.
The Debtor filed a Chapter 11 petition in bankruptcy on September 21, 1987. After a court-approved sale of the Debtor’s assets, the Debtor filed a liquidating plan. The plan was to be funded by a promissory note…
2Cases cited13 opinions
- Robert W. Monday v. United States of America, and Third-Party v. John A. Monday, Third-PartyCourt of Appeals for the Third Circuit · 1970
- United States v. Huckabee Auto Co.Court of Appeals for the Eleventh Circuit · 1986
- Terrance M. Kelly v. George O. Lethert, as District Director of Internal Revenue, District of MinnesotaCourt of Appeals for the Eighth Circuit · 1966
- Joseph Datlof v. United StatesCourt of Appeals for the Third Circuit · 1966
- Ben D. Spivak and David S. Shapiro v. United StatesCourt of Appeals for the Second Circuit · 1967
8 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- In Re Cadillac Recreation, Inc.District Court, C.D. Illinois · 1993