Legal Opinion
In the Matter of I. J. Knight Realty Corp., Bankrupt. Appeal of United States of America
Court of Appeals for the Third Circuit
Decided July 31, 1974No. 73-2008PublishedCited by 21 opinions
1Opinion of the Court
OPINION OF THE COURT
ADAMS, Circuit Judge:
Is a “non-operating” trustee of a bankrupt corporation liable for the payment of federal taxes on income generated during the liquidation and distribution of the bankrupt estate? That is the primary question presented on this appeal. 1
I
The facts of the case are undisputed. I. J. Knight Realty Corporation, the bankrupt, owned as its principal asset a building located in Philadelphia. Its sole business was the leasing of space in the building, and the provision of maintenance services to its tenants.
Knight filed a petition for an arrangement under…
2Cases cited10 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Commissioner v. JacobsonSupreme Court of the United States · 1949
- Nicholas v. United StatesSupreme Court of the United States · 1966
- Palmer v. Webster and Atlas Nat. Bank of BostonSupreme Court of the United States · 1941
- In the Matter of Statmaster Corporation, Bankrupt. Larry Gilbert, Trustee, in the Matter of Statmaster Corporation, Bankrupt v. United StatesCourt of Appeals for the Fifth Circuit · 1972
5 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Bethlehem Steel Corporation v. Russell E. Train, Administrator of the Environmental Protection AgencyCourt of Appeals for the Third Circuit · 1976
- In Re BardenDistrict Court, E.D. New York · 1996
- In Re Samoset AssociatesUnited States Bankruptcy Court, D. Maine · 1981
- Ernst v. Iowa Department of Revenue (In Re Hubs Repair Shop, Inc.)United States Bankruptcy Court, N.D. Iowa · 1983
- In Re Sapphire Steamship Lines, Inc., Debtor. Internal Revenue Service v. Trustee, Sapphire Steamship Lines, Inc.Court of Appeals for the Second Circuit · 1985
16 more not listed; retrieve them via the Exa API.