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Update on Corporate Bankruptcy Tax Refund Litigation

The bankruptcy trustee of a bank holding company was not entitled to a consolidated corporate tax refund when a bank subsidiary had incurred losses generating the refund, Tenth Circuit held.

9 minute readJuly 01, 2020 at 12:07 AM
By
Michael L. Cook
Update on Corporate Bankruptcy Tax Refund Litigation

The bankruptcy trustee of a bank holding company was not entitled to a consolidated corporate tax refund when a bank subsidiary had incurred losses generating the refund, held the U.S. Court of Appeals for the Tenth Circuit on May 26, 2020.

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