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A bankruptcy court raises the discount rate because of the bad economy
Written by admin on March 8, 2010 - 0 Comments
Categories: bankruptcy valuations, cost of capital
Appraisers struggling to defend their discount rates will get some guidance from the short discussion in Miller Bros. Coal v. Consol of Kentucky, Inc, 2009 WL 4904032 (Bkrtcy. E.D. Ky.))(Dec. 11, 2009). This downturn is not an ‘act of God.’ In the first half of the opinion, the defendant tried to excuse its breach of a coal [...]
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