The assessment of a firm's ability to remain solvent after a leveraged financial transaction requires a solid understanding of capital structures, underlying assets, and basic valuation principles. Since the great recession, these solvency opinions have taken on new importance as the transactions they cover fall under greater regulatory scrutiny. In Part 1 of BVR's Advanced Webinar Series on Valuations for Business Transactions, series curator Craig Jacobson and attorney Stephen Selbst examine the best practices, emerging trends, and upcoming challenges for the determination and authorship of solvency opinions.