Net Worth Is Not Fair Market Value

Business Valuation Update BVLaw
Legal and Court Case Update
April 20, 2000
Michelle Sanders, et al. v. John Lee Jackson, et al.
No. 99-1673 (7th Cir. 2000)
US
Federal Court
7th Circuit
United States Court of Appeals
Manion

Summary

The U.S. Court of Appeals for the 7th Circuit affirmed the district court's definition of "net worth' under the Fair Debt Collection Practices Act. The court defined "net worth' as assets less liabilities shown on the company's balance sheet rather than a ...

See Also

Michelle Sanders, et al. v. John Lee Jackson, et al.

The U.S. Court of Appeals for the 7th Circuit affirmed the district court's definition of "net worth' under the Fair Debt Collection Practices Act. The court defined "net worth' as assets less liabilities shown on the company's balance sheet rather than a ...