United States Supreme Court Cases & Opinions

U.S. Supreme Court

New York v. Saper, 336 U.S. 328 (1949)

New York v. Saper

Argued January 4, 1949

Decided March 7, 1949*

336 U.S. 328

Syllabus

Under the Bankruptcy Act of 1898, as amended by the Act of 1926 and the Chandler Act of 1938, tax claims against a bankrupt bear interest only until the date of bankruptcy, not until payment. Pp. 336 U. S. 329-341.

168 F.2d 268, 272, affirmed.

In No. 168, the District Court in a bankruptcy proceeding allowed interest on a tax claim of the City of New York to the date of payment. 75 F.Supp. 458. The Court of Appeals reversed. 168 F.2d 268. This Court granted certiorari. 335 U.S. 811. Affirmed, p. 336 U. S. 341.

In Nos. 200 and 201, the District Court in a bankruptcy proceeding allowed interest on tax claims of the United States and the New York only to the date of bankruptcy. 73 F.Supp. 685. The Court of Appeals affirmed. 168 F.2d 272. This Court granted certiorari. 335 U.S. 812. Affirmed, p. 336 U. S. 341.

Page 336 U. S. 329