United States of America v. Tabor Realty Corp.

United States of America v. Tabor Realty Corp. PDF Author:
Publisher: Andrew Smith
ISBN:
Category :
Languages : en
Pages : 248

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United States of America v. Tabor Realty Corp.

United States of America v. Tabor Realty Corp. PDF Author:
Publisher: Andrew Smith
ISBN:
Category :
Languages : en
Pages : 248

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Book Description


Solvency Compendium

Solvency Compendium PDF Author:
Publisher: Andrew Smith
ISBN: 0615309941
Category :
Languages : en
Pages : 248

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Book Description
A solvency opinion provides assurance to a company's Board of Directors and/or the lenders that the transaction will not likely subject the Company and its unsecured and other creditors to undue financial distress. Houlihan will undertake a solvency opinion engagement for companies involved in highly leveraged transactions. Examples include leveraged buyouts, leveraged recapitalizations, leveraged dividends or other such situations where there may be minimal equity involved. Houlihan has also completed solvency opinions for spin-off transactions in conjunction with capital restructuring and significant debt refinancing.The Federal Bankruptcy Code defines "insolvent" as the condition in which the total of a person's debts exceeds the value of its property at a fair valuation. Recent case law suggests that the fair valuation of property is its value on a going-concern basis. A solvency letter expresses an independent expert opinion on a borrower's ability to remain solvent under the burden of additional liability, to pay debts as they mature, and to continue operations as a going-concern in dynamic economic conditions.In connection with a leveraged recapitalization, interested parties such as new secured lenders and sellers will often, due to fraudulent conveyance concerns, seek an independent determination and opinion as to the impact of the acquisition debt on working capital, cash flow, and equity value. Houlihan is highly familiar with the Tests of Capitalization and Solvency and is able to efficiently and cost-effectively provide analysis that provides a layer of comfort to interested parties.

United States of America V. Denlinger

United States of America V. Denlinger PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 138

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The Liability of the Holding Company for the Debts of its Insolvent Subsidiaries

The Liability of the Holding Company for the Debts of its Insolvent Subsidiaries PDF Author: Andrew Muscat
Publisher: Routledge
ISBN: 1351886819
Category : Law
Languages : en
Pages : 540

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Book Description
This work deals with the liability of the holding company for the debts of its insolvent subsidiaries. In analyzing the current position under English law, the work challenges as outmoded and inadequate the virtual dogma that a holding company is not answerable for the debts of its insolvent subsidiaries. The study identifies four separate and distinct types of behavioural practices within corporate groups which may prejudice the interests of external creditors or otherwise constitute an abuse of the corporate form; the subservient subsidiary situation; the inadequately financed subsidiary situation; the integrated economic enterprise situation; and the group persona situation. After weighing the various arguments for and against a change in the law and concluding that reform is called for, the study proceeds to submit some radical proposals for reform. The basic thrust of the reform proposals is that in a number of well-defined situations entity law should give way to an enterprise analysis and holding company liability should be imposed for the debts of insolvent subsidiaries.

United States Court of International Trade Reports

United States Court of International Trade Reports PDF Author: United States. Court of International Trade
Publisher:
ISBN:
Category : Customs administration
Languages : en
Pages : 824

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Book Description


Lender Liability - Fifth Edition

Lender Liability - Fifth Edition PDF Author: A. Barry Cappello
Publisher: Juris Publishing, Inc.
ISBN: 1578233437
Category : Law
Languages : en
Pages : 944

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Book Description
Lender Liability - Fifth Edition is the leading one-volume work on the subject. This area of the law has grown and matured significantly over the years and is now recognized as a distinct body of law that is the basis of thousands of lawsuits filed over the last decade. Written for both lenders' and borrowers' attorneys, Lender Liability discusses the basics and more advanced issues relating to lender liability. Topics include 1) an extended analysis of where and how lender liability problems arise, 2) common law and statutory theories of liability, 3) bankruptcy concerns and 4) lawsuits against failing or failed financial institutions. A sample complaint, request for production of documents, interrogatories and jury instructions are included on CD for easy use. The work also includes as well tables of state and federal cases and statutes, rules and regulations. This brand new edition has been completely revised, reorganized and updated. It conforms now to the evolution and maturity of Lender Liability as an accepted, cited and well litigated area of commercial and consumer litigation. "Lender Liability" as a body of law has evolved from traditional contract and tort theories, to include causes of action based in the Uniform Commercial Code; including the covenant of good faith and fair dealing. This handy reference work is ideal for either the experienced practitioner or the neophyte involved in representing an institution or client whose interests involve bank liability.

Annual Report of the Director - Administrative Office of the United States Courts

Annual Report of the Director - Administrative Office of the United States Courts PDF Author: United States. Administrative Office of the United States Courts
Publisher:
ISBN:
Category :
Languages : en
Pages : 656

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Book Description


Annual Report of the Director of the Administrative Office of the United States Courts

Annual Report of the Director of the Administrative Office of the United States Courts PDF Author: United States. Administrative Office of the United States Courts
Publisher:
ISBN:
Category :
Languages : en
Pages : 670

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Book Description


Marsh's California Corporation Law

Marsh's California Corporation Law PDF Author: Harold Marsh
Publisher: Wolters Kluwer
ISBN: 0735504210
Category : Law
Languages : en
Pages : 5960

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Book Description
This authoritative research tool covers all aspects of California corporate law and practice, providing clear, reliable guidance to the laws, legislative history, and major case law holdings, as well as the authors' well-known expertise and advice on approaching and understanding key corporate transactions. There is no better source on how to handle all key corporate transactions, from corporate formation and governance to takeovers and bankruptcies. Completely current, there is full coverage and insightful, expert analysis of all the critical new issues affecting California corporate law practice, including: What are the various business entities available in California?What are the methods and issues involved in forming those entities?What are the particular benefits of, and restrictions on, using a Limited Liability Company in California?What are the issues involved in financing a California corporation?What are the fiduciary duties imposed upon directors, officers, and controlling shareholders of California corporations?How do you provide notice and hold meetings of directors and shareholders of California corporations?What are the restrictions imposed upon officers and directors in the operation of California corporations?Under what circumstances can a California corporation pay a dividend or make a distribution of property to its shareholders?What are the issues involved in acquiring California corporations, whether by merger, purchase of stock, or purchase of assets?How and under what circumstances can a California corporation be dissolved?What are the issues and requirements faced by a foreign corporation conducting business in California?

Bankruptcy and Insolvency Accounting, Volume 1

Bankruptcy and Insolvency Accounting, Volume 1 PDF Author: Grant W. Newton
Publisher: John Wiley & Sons
ISBN: 0471787612
Category : Business & Economics
Languages : en
Pages : 936

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Book Description
Accountants and financial managers are often the first professionals to realize that a financial problem exists within a corporation but must be familiar with the various alternatives available to clients before they can offer solutions. Completely updated, Bankruptcy and Insolvency Accounting, Seventh Edition, Volume 1 provides detailed information on SOP 90-7 and FASB statements 141, 142, and 144 and revisions made in CSSR 93-1 by CSSR 03-1. The process of corporate restructuring is thoroughly described for controllers, CEOs, CFOs and CPAs with small businesses as clients.