Par Value Valuation Ruled Invalid But Not Grounds for Denial of Discharge

Business Valuation UpdateVol. 10 No. 3
Legal and Court Case Update
March 2004

Crane v. Morris (In re Morris)
2003 Bankr. LEXIS 1732
December 17, 2003
Federal Court
United States Bankruptcy Court


Debtor David Keith Morris operated a residential construction business called Grand Lake Builders, which he later incorporated as Grand Lake Builders Inc. (GLBI). He also held an interest in Grand County Investments Inc. (GCI).

See Also

Crane v. Morris (In re Morris)

The issue before the court is whether David Keith Morris ("Debtor" or "Morris") should be granted a discharge in his underlying bankruptcy case.