Richard J. BRIDEN, Appellant, v. Anne FOLEY, Trustee in Bankruptcy, Appellee

How courts have described this case

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

• noting that the insolvency definition “focuses on the fair market value of the debtor’s assets and liabilities”
• evidence of slow state of debtor’s business sufficient to infer continual insolvency over one month period
• “Asset valuation ... should be reduced by the value of the assets not readily susceptible to liquidation and the payment of debts”
• The “balance sheet test focuses on the fair market value of the debtor's assets and liabilities within a reasonable time of the transfers. Asset valuation need not be exact. Assets should be reduced by the value of the assets not readily susceptible to liquidation and the payment of debts.”

Source: CourtListener parenthetical corpus (CC0).