US Blasts Interest Scheme In Accuride Ch. 11 Plan
In a concise, four-page objection lodged Thursday in the U.S. Bankruptcy Court for the District of Delaware, the tax division of the U.S. Department of Justice contended that the plan “fails to provide for lawful interest on the United States' priority tax claims.”
“Applicable nonbankruptcy law sets the interest rate on tax underpayments, and provides that interest...
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