Florida Dept. of Revenue v. Piccadilly Cafeterias Inc.
Jun
16
2008
Ruling
Exemption for state stamp tax did not apply to post-petition, pre-confirmation transfers.
Procedural posture
Petitioner state revenue department challenged a bankruptcy court's summary judgment in favor of respondent debtor, which granted an exemption under 11 U.S.C.S. § 1146(a) for assets transferred after it had filed for bankruptcy but before its chapter 11 plan was confirmed. The United States Court of Appeals for the Eleventh Circuit affirmed. Certiorari was granted to resolve a conflict among the circuits.
ABI Membership is required to access the full summary of Florida Dept. of Revenue v. Piccadilly Cafeterias Inc. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: U.S. Supreme Court