Adipiscing eiusmod ut sit . labore ipsum adipiscing sed incididunt eiusmod labore amet . tempor tempor aliqua. consectetur dolor Lorem . ipsum do labore sit dolor amet . do sit ipsum incididunt elit .
Bankruptcy Taxation
Taxation Without Representation? Due Process and Limits on Revocation of the S-Corp Election for Chapter 7 Debtors
In an 8-1 opinion, the Supreme Court holds that the waiver of sovereign immunity under Section 106(a) does not extend to suits brought by a trustee under state law standing in the shoes of an actual creditor.
Most justices seemed inclined to believe that the waiver of sovereign immunity in Section 106(a) does not abrogate the “actual creditor” requirement in Section 544(b)(1).
