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M & S Grading, Inc., Ch. 7, BK02-81632 (reconsider)

The union contributions and employment taxes withheld by the debtor but not paid out did not become property of the employees or the IRS while in the debtor's possession in a commingled fund. Rather, the money was subject to the lender's blanket lien.

Date: 
Monday, August 17, 2009
Judge: 
Judge Timothy J. Mahoney (Retired)