Misunderstanding of Facts Results in Overvaluation of Fuel Supply Rights
Debtor’s fuel supply rights had value either in form of an implied contract, customer relationship, or simply an income stream, court says; court does not assign specific value but finds appraiser overstated its value due to misunderstanding of key facts.
Misunderstanding of Facts Results in Overvaluation of Fuel Supply Rights
Debtor’s fuel supply rights had value either in form of an implied contract, customer relationship, or simply an income stream, court says; court does not assign specific value but finds appraiser overstated its value due to misunderstanding of key facts.
r2 Advisors, LLC v. Equitable Oil Purchasing Co. (In re Red Eagle Oil, Inc.)
Debtor’s fuel supply rights had value either in form of an implied contract, customer relationship, or simply an income stream, court says; court does not assign specific value but finds appraiser overstated its value due to misunderstanding of key facts.
Robert Myles Hall v. Nancy Kay Hall
The Wyoming Supreme Court affirmed the valuation of closely held preferred stock at par value rather than market value because par value of preferred stock impacts book value, liquidation value, and dividend rights. It further held that potential tax cons ...
Preferred Stock Valued at Par Value
The Wyoming Supreme Court affirmed the valuation of closely held preferred stock at par value rather than market value because par value of preferred stock impacts book value, liquidation value, and dividend rights. It further held that potential tax cons ...
Gregory R. Banks v. Sharon E. Banks
The Virginia Court of Appeals affirmed the lower court’s characterization of a prosthetics company as marital property. The court found that while the business was formed in the year prior to the parties’ marriage and while the husband’s skill was the ess ...
Business Formed Before Marriage Is Marital Property
The Virginia Court of Appeals affirmed the lower court’s characterization of a prosthetics company as marital property.
Waring v. Waring
One issue in this was the value of a family business, and the cause of its appreciation.
Homemaker Did Not Substantially Contribute to the Appreciation of Husband’s Separate Businesses During Their Marriage
A divided Mississippi Court of Appeals determined that the wife made non-economic contributions, such as providing domestic services, to the appreciation of the husband's separate property businesses which entitled her to share in the businesses' apprecia ...
Greg R. Vinikoor and Melissa D. Vinikoor v. CIR
The Tax Court determined that a transfer of stock was a gift rather than a loan even though the parties executed a note. The court listed nine factors it considered when determining whether the loan was a bona fide debt. Since the alleged debt did not me ...
Interfamily Transfer Determined to Be a Gift in Spite of Promissory Note
The Tax Court determined that a transfer of stock was a gift rather than a loan even though the parties executed a note.