MATTER OF BRAUND

Citation Codes

Equivalent Citations

citation codes

Docket Number

No. 23707.

Attorney(S)

Karl Schmeidler (argued), Frank X. Grossi, Jr., Crombie J.D. Garrett, Lee A. Jackson, Attys., Dept. of Justice, Tax Div., Johnnie M. Walters, Asst. Atty. Gen., Tax Div., Dept. of Justice, Washington, D.C., Richard L. Fishman, Asst. U.S. Atty., William M. Byrne, Jr., U.S. Atty., Los Angeles, Cal., for appellant. Stephen Chrystie (argued), of Buchalter, Nemer, Fields Savitch, Los Angeles, Cal., Armold Kupetz, of Sulmeyer, Kupetz Alberts, Los Angeles, Cal., for appellee.

Judges

James Robert Browning
Walter Raleigh Ely

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In the Matters of Walter R. BRAUND and Virginia M. Braund, Bankrupts. UNITED STATES of America, Appellant, v. William A. McGUGIN, Appellee.

PER CURIAM:

The only substantial question presented is whether the proviso in section 17a (1) of the Bankruptcy Act, 11 U.S.C. § 35(a), preserves a pre-bankruptcy tax lien as to assets acquired after bankruptcy. The three district courts which have considered this question have answered it in the negative. In re Carlson, 292 F. Supp. 778 (C.D.Calif. 1968); In re Braund, 289 F. Supp. 604 (C.D.Calif. 1968); United States v. Sanabria (N.D. Ill., June 21, 1968) (Unreported) (Appeal pending in the Court of Appeals for the Seventh Circuit, No. 17,145). See also Marsh, Triumph or Tragedy? The Bankruptcy Amendments of 1966, 42 Wn.L.Rev. 681 (1967); Note, 14 Vill. L.Rev. 323, 326 (1969).

There are substantial arguments on both sides, but we have concluded that on balance the result reached in these decisions is the better one.

Affirmed.

In the Matters of Walter R. BRAUND and Virginia M. Braund, Bankrupts. UNITED STATES of America, Appellant, v. William A. McGUGIN, Appellee.

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