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O'Jays Bankruptcy (II)
Highest Court N.D. Ohio
Year Ended 1994
Plaintiffs Band Member(s)
Defendants No Defendants on file
Other O'Jays
Short Description Walter Williams isn't as well known as lead singer Eddie Levert, but was a longtime member of and singer for the O'Jays, who ran into essentially the same tax troubles as Levert did in "O'Jays Bankruptcy (I)." After the I.R.S. found Williams over $1 million in debt to the them, they secured levies on his royalty accounts for songwriting and record sales for nearly the entire amount owed. Williams then filed for bankruptcy, and, as in Levert's proceeding, the court found that Williams would otherwise be unable to pay his pre-bankruptcy debts to the I.R.S., and he had no equity interest in the levied assets, thus the I.R.S. were allowed to apply the prepetition levies on his continuous income streams to the debts owed them. - LSW

Legal Issues
Bankruptcy Chapter 7 Debt Discharge & Repayment
  General Chapter Conversion
Property Intangible Property Security Interests, Garnishment & Levies
Taxation Federal Income Tax Attachment, Garnishment, Liens & Levies


Opinions In re Williams
74 A.F.T.R.2d 94-7116 / 1994 WL 760594
N.D. Ohio , October 31, 1994 ( No. 93-15171 )


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Related Searches Parties
Band Member(s) ( Plaintiff )
O'Jays ( Other )

Legal Issues
Bankruptcy / Chapter 7 / Debt Discharge & Repayment
Bankruptcy / General / Chapter Conversion
Property / Intangible Property / Security Interests, Garnishment & Levies
Taxation / Federal Income Tax / Attachment, Garnishment, Liens & Levies

Courts
N.D. Ohio (highest court)


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