Court Admits Solvency Analysis Lacking Specific Valuation of Debtor

Business Valuation UpdateVol. 20 No. 6
Legal and Court Case Update
June 2014

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3732 Boat Building and Repairing
336612 Boat Building
bankruptcy
daubert, discounted cash flow (DCF), SSVS-1, solvency, fraudulent transfer, balance sheet, bankruptcy code
Dietz v. Jacobs
2014 U.S. Dist. LEXIS 37144
March 21, 2014
US
Federal Court
Minnesota
United States District Court
Arthur C. Cobb (solvency-defendants); unknown (trustee)
Ericksen

Summary

Court finds solvency analysis is not subject to AICPA’s valuation standards and admits expert’s claim that “magnitude of excess” reflected in adjusted balance sheet numbers means assets exceeded liabilities.

See Also

Dietz v. Jacobs

Full Text of Court Cases
March 21, 2014

Court finds solvency analysis is not subject to AICPA’s valuation standards and admits expert’s claim that “magnitude of excess” reflected in adjusted balance sheet numbers means assets exceeded liabilities.