Bankruptcy Court Wary of Asset Approach in Solvency Analysis

Business Valuation UpdateVol. 19 No. 12
Legal and Court Case Update
December 2013
1389 Oil and Gas Field Services, NEC
213112 Support Activities for Oil and Gas Operations
bankruptcy
bankruptcy, income approach, asset approach, market approach, solvency, chapter 11

Whyte v. C/R Energy Coinvestment II, L.P. (In re SemCrud)
2013 Bankr. LEXIS 2351
June 10, 2013
US
Federal Court
Delaware
United States Bankruptcy Court
M. Freddie Reiss (debtor); Michael Lederman (defendants)
Shannon

Summary

Bankruptcy Court values Chapter 11 debtor on a going concern basis and finds the income approach is best suited to determine solvency at the time of critical financial transactions; the defendants’ expert properly relied on a contemporaneous Goldman Sachs ...

See Also

Whyte v. C/R Energy Coinvestment II, L.P. (In re SemCrud)

Bankruptcy Court values Chapter 11 debtor on a going concern basis and finds the income approach is best suited to determine solvency at the time of critical financial transactions; the defendants’ expert properly relied on a contemporaneous Goldman Sachs ...