In re Premier Entertainment Biloxi LLC

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September 3, 2010

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7011 Hotels and Motels
721120 Casino Hotels
bankruptcy
In re Premier Entertainment Biloxi LLC
2010 WL 3504105 (Bkrtcy. S.D. Miss)
US
Federal Court
Federal
United States Bankruptcy Court
Saul Solomon (debtors)
Olack

Summary

Bankruptcy court rejects “equitable solvency test” for gaming resort debtors, finding that adjusted balance sheet test, as supported by expert evidence, was the preferred test.
In re Premier Entertainment Biloxi LLC
PDF, Size: 321 KB

See Also

Bankruptcy Court Prefers Adjusted Balance Sheet Test, Including FMV of Brand License

Legal and Court Case Update
November 2010

Bankruptcy court rejects “equitable solvency test” for gaming resort debtors, finding that adjusted balance sheet test, as supported by expert evidence, was the preferred test.

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