Judge Upholds Bankruptcy Court's Finding That Prepetition Fine Has Priority

CONCORD, N.H. - A federal judge in New Hampshire on March 25 affirmed a bankruptcy court's order finding that a fine for contempt of court that was assessed against the bankrupt owners of three above-ground storage tanks that were out of compliance with state law was an actual expense necessary to preserve the estate and that the fine was an administrative priority (Munce's Superior Petroleum Products Inc., et al. v. New Hampshire Department of Environmental Services, No. 12-cv-262-JL, D...(read more)Image may be NSFW.
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