Orchard Supply Shoots Down IRS Objection To Ch. 11 Plan

Law360, New York (December 18, 2013, 7:28 PM EST) -- Orchard Supply Hardware Stores Corp. fired back Wednesday against the Internal Revenue Service's objection to its Chapter 11 reorganization plan, saying the fact it hadn't yet filed its 2013 tax return didn't mean it couldn't pay $8 million in back taxes.

In a brief filed with the Bankruptcy Court of Delaware, Orchard Supply gave a general outline of its upcoming past-due tax filings, saying the information should be enough to prove its ability to pay the IRS and the court should therefore approve the plan. ...
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