New Cases For the Week of May 28, 2002 - May 31, 2002

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May 31, 2002

Case

Court

Holding

In re MBA Poultry
(DBN Subscription Required)
8th Cir. A taxing agency's lien for personal property taxes was not extinguished in a bankruptcy sale despite the purchaser's status as assignee of an earlier-perfected bank lien.
In re Armstrong
(DBN Subscription Required)
8th Cir. Although some courts have characterized gambling markers as "checks," for preference purposes when a casino agrees to hold a marker for 30 days, the transaction is in the nature of a loan or credit transaction involving antecedent debt.
In re Tuttle
(DBN Subscription Required)
10th Cir.  Gap interest on a nondischargeable tax claim (i.e., interest accruing postpetition and preconfirmation) remains a personal liability of the debtor after confirmation of a plan.
 
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