Expert Valuation More Credible & Critical Than Contemporaneous Market & Mgmt. Values

Business Valuation UpdateVol. 18 No. 12
Legal and Court Case Update
December 2012
bankruptcy

In re Certified HR Service Co. (II)
2012 U.S. Dist. LEXIS 136956
September 25, 2012
US
Federal Court
Florida
United States District Court
Lawrence D. Morriss Jr. (trustee)
Marra

Summary

Federal district court affirms bankruptcy court’s avoidance of the debtor’s $17.5 million purchase of failing company, based in large part on evidence by trustee’s expert that the debtor was insolvent at the time and the target company was worthless.

See Also

In re Certified HR Service Co. (II)

Federal district court affirms bankruptcy court’s avoidance of the debtor’s $17.5 million purchase of failing company, based in large part on evidence by trustee’s expert that the debtor was insolvent at the time and the target company was worthless.