165(g) does not define "worthless," courts have determined when stock is worthless under various standards relating to the value of a company In Bilthouse, the Seventh Circuit stated that whether stock was worthless is a facts-and-circumstances inquiry and that most courts look at both the liquidating value
and the potential value in making the determination.
165(g), its current liquidating value
provides only an indication.
Further, the council proposed the DIC pay back a certain proportion of deposits exceeding 10 million yen, depending on the circumstances, before the liquidating value
of failed lenders is determined.
The opposition slate Directors have opined that the net asset liquidating value
of Krug is far in excess of the present market price of its shares.
The $916 million equals total stockholders' equity of $965 million less the Series A Preferred Stock liquidating value
We believe the liquidating value
of the company will be higher than the value the market is currently placing on the stock," said Fritz Biermeier, president and chief executive officer.
and quick sale value are used interchangeably to mean "the amount which would be realized from the sale of an asset in a situation where financial pressures cause the taxpayer to sell in a short period of time.