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proceedings in this Court in the event it intends to rule with
respect to petitioners' tax liabilities. See Allison v.
Commissioner, 97 T.C. at 547 (referring to 11 U.S.C. section 105
(1988), which permits the bankruptcy court to issue any order
necessary to carry out title 11).
Consequently, we will proceed in these cases consistent with
the view that the automatic stay was terminated on March 21,
1995. In this regard, the Court's orders dated July 26, 1995,
directing petitioners to show cause why the stay of these
proceedings should not be lifted will be made absolute, and these
cases will be restored to the general docket for trial on the
merits or other disposition in due course.
To reflect the foregoing,
Appropriate orders will be
issued.
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Last modified: May 25, 2011