IN RE HILLSBOROUGH HOLDINGS CORP.

No. 96-2145.

116 F.3d 1391 (1997)

In re HILLSBOROUGH HOLDINGS CORPORATION, Debtors. UNITED STATES of America, Plaintiff-Appellant, v. HILLSBOROUGH HOLDINGS CORPORATION, Defendant-Appellee.

United States Court of Appeals, Eleventh Circuit.

July 10, 1997.


FAY, Senior Circuit Judge:

The issue here is whether the district court correctly ruled that when a corporate debtor's fiscal tax year straddles the filing of a petition for Chapter 11 reorganization, the portion of the year's income tax attributable to income earned during the prepetition part of the year is not allowable as an administrative expense under section 503(b)(1)(B)(i) of the United States Bankruptcy Code. 11 U.S.C. § 503(b)(1)(B)(i) (1988). We affirm...

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