In Re Trans World Airlines, Incorporated

How courts have described this case

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

• stating that fair valuation of a going concern is what a “hypothetical sale of assets” would yield for creditors
• courts should look to the “market value” of assets that can be realized in a reasonable time
• publicly traded debt is measured by face value, not market value

Source: CourtListener parenthetical corpus (CC0).