IN RE CADILLAC RECREATION, INC.

Bankruptcy No. 87-82186.

153 B.R. 824 (1993)

In re CADILLAC RECREATION, INC., an Illinois corporation, d/b/a Pekin Skateland, Washington Skateland, Twin City Skateland and Streator Skateland, Debtor.

United States Bankruptcy Court, C.D. Illinois.

January 25, 1993.


Attorney(s) appearing for the Case

Bret S. Babcock, Peoria, IL, for debtor.

Gerard A. Brost, Peoria, IL, U.S. Atty., Calvin C. Curtis, U.S. Dept. of Justice, Washington, DC, Trial Atty., Tax Div., for the I.R.S.


OPINION

WILLIAM V. ALTENBERGER, Bankruptcy Judge.

This matter comes before the Court on the motion of the Debtor, CADILLAC RECREATION, INC., for a determination that the INTERNAL REVENUE SERVICE is bound by the confirmed plan and that it may not collect a 100% penalty under Section 66721 of the Internal Revenue Code from Warren Nichols, the President and major stockholder of the Debtor.

The Debtor filed a Chapter...

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