DEPARTMENT OF CHILDREN AND FAMILIES vs S.T., PATERNAL AUNT, AND P.K., PATERNAL GRANDFATHER

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that “some variation” from the “classic debt” formula does not necessitate treatment as equity
• defining a debt as “an unqualified obligation to pay a sum certain at a reasonably close fixed maturity date along with a fixed percentage in interest”
• “Generally we find an effort by the taxpayer to induce the Commissioner and the courts to make a finding that [the relevant] transactions are loans.”
• “classic debt” is “unqualified obligation to pay a sum certain . .. regardless of the debtor’s income or lack thereof.”
• \The classic debt is an unqualified obligation to pay a sum certain at a reasonably close fixed maturity date along with a fixed percentage in interest payable regardless of the debtor's income or lack thereof.\
• concurring opinion of Judge Waterman

Source: CourtListener parenthetical corpus (CC0).