Vadnais Lumber Supply, Inc. v. Byrne (In Re Vadnais Lumber Supply, Inc.)

How courts have described this case

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

• holding that solvency is to be measured by the going concern value of a business and \not the liquidation value of its assets less its liabilities\
• holding that solvency is to be measured by the going concern value of a business and “not the liquidation value of its assets less its liabilities”
• holding that solvency is to be measured by the going concern value of a business and “not the liquidation value of its assets less its liabilities”
• holding that solvency is to be measured by the going concern value of a business and “not the liquidation value of its assets less its liabilities” unless “the business is so close to shutting its doors that a going concern standard is unrealistic”
• holding that solvency is to be measured by the going concern value of a business and “not the liquidation value of its assets less its liabilities” unless “the business is so close to shutting its doors that a going concern standard is unrealistic”
• “unlike the doctrine of consideration in contract law, [the value received by the debtor] must pass a measurement test”

Source: CourtListener parenthetical corpus (CC0).