Diamond Power International, Inc. v. Babcock & Wilcox Co. (In Re Babcock & Wilcox Co.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “The court concludes that although GAAP principles are relevant, they are neither controlling nor presumptively valid in this case in determining [the debtor’s] solvency.”
• “[A] judgment is not a debt in the strict sense of the term. It is but the recognition of the pre-existence of a debt or obligation.”

Source: CourtListener parenthetical corpus (CC0).