In this final article of three papers, Michael Vitti, managing director in Duff & Phelps’ Disputes Consulting practice, provides a business valuation practitioner’s perspective on how to use contemporaneous information to assess the debtor’s solvency on the relevant date. This paper addresses the three financial tests (balance sheet, capital adequacy, and ability to pay debts) performed by experts retained in connection with a litigation.
Click here to read the paper.
This article first appeared in Business Valuation Review (Volume 33, No. 3), a professional journal of the American Society of Appraisers (ASA). It is being reprinted with permission from the ASA. The ASA reserves all rights.
