ALLGOOD, District Judge.
This case involves interesting and important questions in the fields of taxation and bankruptcy law and is now on its second appearance before this Court.
The matter was submitted on an agreed stipulation of facts, which though scanty, are possibly sufficient to reveal the problems involved.
Chronologically, the events were, as adopted from the stipulation, as follows:
Let's get started

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.