@samface

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samface wrote: I believe only a court of law would be able to determine wether a company actually is in a state of insolvency or not.

Corporations are responsible for their own books. That's not the courts job.

Of course they could argue that they wern't insolvent, but that would require explaining how the assets were sold and the debts not paid. That's a funny case of not being insolvent, especially when you are in court over a contract where insolvency triggers rights of another party of the contract.

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That means not even Bill McEwens oral testimony would suffice. I mean, he's no auditor after all, now is he?

The day we need an auditor to determine if one integer is larger than another one, is the day I decide to get my CPA.

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