[CLBS] priority taxes in Ch 11 - 1129(a)(9)

[Alexandra Caval]

Priority taxes have to be paid in periodic payments within 5 years the
petition date in Chapter 11 cases. What do you guys do with that "periodic
payment" language when you need to pay the priority taxes as a lump sum from
the sale of an asset?

 

Alexandra O. Caval

Caval Law Office, P.C.

P.O. Box 1716

Twin Falls, ID 83303-01716

T: 208.733.2035

F: 208.733.3919

 <mailto:alex at cavallawoffice.com> alex at cavallawoffice.com

 

 

PRIVILEGE AND CONFIDENTIALITY NOTICE 
This e-mail is intended only for the use of the recipient named and may
contain information that is confidential, privileged, and exempt from
disclosure under applicable laws. If you are not the named recipient, you
may have received this transmission in error. We ask that you immediately
notify the sender and remove this and all attached file(s) from your system.
Receipt by anyone other than the intended recipient is not a waiver of the
attorney-client or work-product privileges. You are hereby notified that any
disclosure, copying, distribution, or use of any of the information
contained in this transmission if you are not the intended recipient is
prohibited and may expose you to liability.