In re Certified HR Service Co. (II)

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September 25, 2012

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bankruptcy
In re Certified HR Service Co. (II)
2012 U.S. Dist. LEXIS 136956
US
Federal Court
Florida
United States District Court
Lawrence D. Morriss Jr. (trustee)
Marra

Summary

Federal district court affirms bankruptcy court’s avoidance of the debtor’s $17.5 million purchase of failing company, based in large part on evidence by trustee’s expert that the debtor was insolvent at the time and the target company was worthless.
In re Certified HR Service Co. (II)
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Federal district court affirms bankruptcy court’s avoidance of the debtor’s $17.5 million purchase of failing company, based in large part on evidence by trustee’s expert that the debtor was insolvent at the time and the target company was worthless.

This article also appears in:
Business Valuation & Bankruptcy Compendium, Third Edition