Mealey's Bankruptcy - U.S. Supreme Court Denies Hearing On Tax Duty Of Bankrupt Airline Executive

Mealey's Bankruptcy - U.S. Supreme Court Denies Hearing On Tax Duty Of Bankrupt Airline Executive

WASHINGTON, D.C. - The U.S. Supreme Court on May 27 declined to hear a case in which the former chief financial officer of a bankrupt airline contended that he should not be personally liable for $8.5 million in federal excise taxes that were due when his company filed for bankruptcy (Raymond T. Nakano v. United States of America, No. 13-1278, Chapter 7, U.S. Sup.).

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