Bankruptcy Court Favors DCF to Value Dissociated Interest

Business Valuation UpdateVol. 22 No. 3
Legal and Court Case Update
March 2016
3732 Boat Building and Repairing
336612 Boat Building
bankruptcy
daubert, discount rate, expert testimony, calculation report, discounted cash flow (DCF), fair market value (FMV), going concern, liquidation, growth rate, book value, company specific risk, chapter 7 bankruptcy, conclusion of value

Hanckel v. Campbell (In re Hanckel)
2015 Bankr. LEXIS 4202
December 11, 2015
US
Federal Court
South Carolina
United States Bankruptcy Court
W. Ellison Thomas (Family); Matthew Bernstein (Trustee)
Duncan

Summary

Court finds debtor’s fraudulently conveyed interest represents a dissociated interest that is held by the estate; appropriate valuation date is date of trial, and DCF analysis, as modified by court, best captures value of the interest at that time.

See Also

Hanckel v. Campbell (In re Hanckel)

Court finds debtor’s fraudulently conveyed interest represents a dissociated interest that is held by the estate; appropriate valuation date is date of trial, and DCF analysis, as modified by court, best captures value of the interest at that time.