Everett v. Thomas Capital Invs. (In re Pac. Thomas Corp.)

2 Citing cases

  1. Perez v. Bui (In re Tenorio)

    BAP No. CC-17-1102-FLKu (B.A.P. 9th Cir. Feb. 8, 2018)   Cited 3 times

    This correlates with the definition of 'insolvent' in § 101(32) that a corporation is insolvent if the sum of the entity's debts is greater than all of the entity's property at a fair valuation." Everett v. Thomas Capital Invs. (In re Pac. Thomas Corp.), 543 B.R. 7, 13 (Bankr. N.D. Cal. 2015) (footnote omitted); see Bay Plastics, Inc. v. BT Commercial Corp. (In re Bay Plastics, Inc.), 187 B.R. 315, 330 (Bankr. C.D. Cal. 1995) (The UVTA "adopt[s] the balance sheet test for insolvency: a debtor is insolvent if the liabilities exceed the assets.").

  2. Anderson v. Koch

    No. A18-0685 (Minn. Ct. App. Mar. 18, 2019)

    The Act's definition of insolvency is consistent with bankruptcy law. See 11 U.S.C. § 101(32)(A) (2012) (defining "insolvent" as a "financial condition such that the sum of [an] entity's debts is greater than all of such entity's property, at a fair valuation"); Everett v. Thomas Capital Invs. (In re Pacific Thomas Corp.), 543 B.R. 7, 13 (Bankr. N.D. Cal. 2015) ("In an action to recover a preference or fraudulent transfer, insolvency may be determined on the basis of a 'balance sheet' test. This correlates with the definition of 'insolvent' in § 101(32) that a corporation is insolvent if the sum of the entity's debts is greater than all of the entity's property at a fair valuation.").