Legal Opinion
In Re Bradley
United States Bankruptcy Court, M.D. Tennessee
Decided July 16, 1998No. Bankruptcy 396-09677PublishedCited by 8 opinions
1Opinion of the Court
Memorandum
KEITH M. LUNDIN, Bankruptcy Judge.
The issue is whether gain on the sale of the Debtor’s residence is excluded from gross income of this Chapter 7 estate to the extent provided by I.R.C. § 121, as amended by The Taxpayer Relief Act of 1997, Pub.L. No. 105-34, § 312(a), 111 Stat. 836-37 (Aug. 5, 1997). The section 121 exclusion is available to the bankruptcy estate.
I. Facts
Freda Bradley filed Chapter 13 on October 28,1996. On April 4,1997, her case converted to Chapter 7. The Chapter 7 Trustee sold the Debtor’s residence on October 3, 1997, resulting in a gain of $77,106.
On the…
2Cases cited8 opinions
- Commissioner v. TowerSupreme Court of the United States · 1946
- Centra, Inc. And Central Transport, Inc. v. United StatesCourt of Appeals for the Sixth Circuit · 1992
- In the Matter of Richard L. Kochell, Debtor. Appeal of United States of AmericaCourt of Appeals for the Seventh Circuit · 1986
- In Re ManfredUnited States Bankruptcy Court, D. New Jersey · 1993
- In Re PopaUnited States Bankruptcy Court, N.D. Illinois · 1998
3 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- In Re GodwinUnited States Bankruptcy Court, S.D. Ohio · 1999
- In Re WinchUnited States Bankruptcy Court, S.D. Ohio · 1998
- In Re KerrDistrict Court, W.D. Washington · 1999
- Popa v. PetersonDistrict Court, N.D. Illinois · 1999
- In Re DidarioUnited States Bankruptcy Court, D. New Jersey · 1999
3 more not listed; retrieve them via the Exa API.