United States Ninth Circuit

Under Bankruptcy Code section 724(b), priority unsecured creditors have a right to obtain only that portion of the proceeds equaling the amount of the tax liens. Any remaining proceeds go first to junior lien claimants, then to the holders of the tax liens insofar as their claims were not already satisfied and, finally, to the estate.

Appellate Information

• Decided 10/21/2002
• Published 10/21/2002

Judges

Court

• United States Ninth Circuit

Counsel