Trans World Airlines, debtor v. Trans World Airlines Official Committee of Unsecured Creditors

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September 27, 2004

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4512 Air Transportation, Scheduled
481111 Scheduled Passenger Air Transportation
bankruptcy
fair market value (FMV)
Trans World Airlines, debtor v. Trans World Airlines Official Committee of Unsecured Creditors
134 F.3d 188
US
Federal Court
3rd Circuit
United States Court of Appeals
Global Aviation Associates (for Travellers) Avmark Inc (for TWA)
Mansmann, Nygaard, Garth

Summary

At issue is the valuation of Trans World Airlines' assets and liabilities.

See Also

Fair Valuation Clarified for Bankruptcy Purposes

Legal and Court Case Update
June 7, 2007

The U.S Court of Appeals for the 3rd Circuit considered the definition of "fair valuation" under the bankruptcy code in TWA's attempt to recover a payment as a preferential transfer.

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