United States v. Krause (In re Krause)

The bankruptcy court held that two companies were the nominees of debtor and that the IRS's tax lien attached to their assets. The bankruptcy court also held that debtor had fraudulently conveyed certain assets to trusts nominally created for the benefit of appellants, his now- adult children, and that the IRS tax lien attached to those assets as well. The U.S. District Court for the District of Kansas affirmed, and debtors' children appealed.