Split Grows on Dischargeability of Tax Liability on Late-Filed Returns
Nashville judge holds that late-filed tax debt can sometimes be discharged.
Judge Name - Do not use it.
Waverly D. Crenshaw, Jr.
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Most Courts Still Refusing to Discharge Taxes from Late-Filed Returns
Novel theory fails to persuade Boston judge to discharge taxes from late-filed returns.
Judge Name - Do not use it.
William G. Young
Fox & Hound Restaurant Owner Files for Bankruptcy Protection
The owner of the restaurant chains Fox & Hound, Bailey’s Sports Grille and Champps Kitchen filed for bankruptcy protection yesterday, the Wall Street Journal. Last Call Guarantor LLC sought chapter 11 protection in U.S. Bankruptcy Court in Wilmington, Del., listing debts between $100 million and $500 million. Bankruptcy Judge Kevin Gross will oversee the proceedings. The Dallas-based holding company operates 48 Fox & Hound restaurants, 23 Champps locations and nine Bailey’s restaurants in 25 states. It employs 4,700 full- and part-time employees. This marks the second time that the operator of the restaurants has sought bankruptcy protection since late 2013. At the time, the company blamed its bankruptcy filing on declining sales and rising costs during the economic downturn, which caused consumers to spend less on dining out.
Peabody to Pay Taxes During Bankruptcy, Federal Judge Decides
A judge has allowed Peabody Energy to pay nearly $30 million in property taxes in four states while the coal company goes through bankruptcy reorganization, the Casper (Wyo.) Star Tribune reported today. The decision yesterday in federal court in St. Louis should end uncertainty for a Colorado school district that began when Peabody missed a property tax payment in June. The state of Colorado has fronted the South Routt School District some $1 million in state funding because of the crisis. In Campbell County, Wyo., Peabody has three open-pit mines and owes about $1.8 million in property and land taxes for 2015. About 54 percent of that goes to the Campbell County School District.
Dallas Judge Snubs Sam Wyly’s Attempt to Shelter His Home and Annuities
Sometimes, an annuity is not an annuity, regardless of what the documents say.
Judge Name - Do not use it.
Bankruptcy Judge Barbara J. Houser
Even if Tax Debts Are Not Discharged, Penalties Can Be, Judge Boroff Rules
‘Plain meaning’ permits discharge of some tax penalties.
Judge Name - Do not use it.
Henry J. Boroff
Circuit Split Widens on Test for Nondischargeability from Late-Filed Tax Returns
Ninth Circuit avoids the one-day-late rule for nondischargeability of tax debts.
Judge Name - Do not use it.
Morgan Christen