Grounding Retrospective Solvency Analyses in Contemporaneous Information (3 of 3)
Michael Vitti · Business Valuation Review · 2014
Abstract Courts frequently use contemporaneous information to assess a debtor's solvency as of the date a disputed transfer was made or a disputed obligation was incurred. This is the final of three papers that provides a business valuation practitioner's perspective on how to use contemporaneous information to assess the debtor's solvency on the relevant date. This paper addresses the three financial tests (balance sheet, capital adequacy, and ability to pay debts) performed by experts retained in connection with a litigation.