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· 1/5/1987

Texas Bank & Trust v. United States (In Re Sound Emporium, Inc.)

Citations

  • 70 B.R. 22
  • 59 A.F.T.R.2d (RIA) 666
  • 1987 U.S. Dist. LEXIS 13849

How courts have described this case

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

  • allows IRS to set off tax penalties against shipping charges owed by United States to debtor
  • IRS has right to set off taxes owed by the debtor against amount owed to debtor by the Army for computers, even though government’s claim was subordinate to bank’s prior secured claim

Source: CourtListener parenthetical corpus (CC0).

Judges: Smith

Read full opinion on CourtListener

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.