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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
- February 19, 2021
- October 30, 2020
- June 1, 2023
Morris James Blogs
Court Of Chancery Denies Receivership Petition For Failure To Prove Insolvency
This decision explains what is needed to prove a corporation is insolvent so that a receiver should be appointed for it. It is not enough to just use the balance sheet, but instead additional proof of the actual values of assets needs to be provided when those assets may be worth more than their book value.
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