news + resources
October 1, 2024
For the second year in a row, McGlinchey's Baton Rouge and New Orleans offices have been named among the “Best Places to Work." This is the fourth consecutive year the New Orleans office has earned this title and the second for the Baton Rouge office.
News Release
events
September 22-24, 2024
Members of McGlinchey’s Financial Institutions Compliance and Enterprise Litigation and Investigations teams will participate in multiple sessions during the upcoming Mortage Bankers Association (MBA) Compliance and Risk Management Conference (CRMC) in Washington, DC.
Presentation
publications
September 17, 2024
The issue in MacKenzie, a Chapter 7 bankruptcy, was how to allocate the proceeds from the sale of the debtor’s real estate between the Internal Revenue Service (IRS), which had filed a valid lien against the real estate for taxes, interest, and penalties, and the Bankruptcy Estate. The sale proceeds were sufficient to satisfy the taxes, a portion of the interest, but none of the penalties. The bankruptcy court allocated the proceeds on a pro rata basis between the IRS and the Bankruptcy Estate. The District Court affirmed, but the Ninth Circuit reversed and remanded, finding that pro rata allocation of the sales proceeds is inconsistent with the Code.
Alert