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

Business Valuation UpdateVol. 16 No. 11
Legal and Court Case Update
November 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)
September 3, 2010
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.

See Also

In re Premier Entertainment Biloxi LLC

Full Text of Court Cases
September 3, 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.